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Johannesburg, South Africa

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI FINLAY
Last Updated: 25-Oct-2010		 Market Overview
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Market Research

* Click on each category for a detailed definition.
Rent/M2/Month RENT/SF/Year
Low High Effective Avg. Low High Effective Avg. Vacancy Investment Yield
City Centre Office
New Construction (AAA) N/A N/A N/A N/A N/A N/A N/A .0%
Class A (Prime) ZAR 55.00 ZAR 85.00 ZAR 70.00 $ 8.93 $ 13.79 $ 10.19 6.6% 11.0%
Class B (Secondary) ZAR 22.50 ZAR 65.00 ZAR 40.00 $ 3.65 $ 10.55 $ 5.82 26.0% 12.5%
 
Suburban Office
New Construction (AAA) ZAR 175.00 ZAR 175.00 ZAR 175.00 $ 28.40 $ 28.40 $ 25.47 N/A 9.0%
Class A (Prime) ZAR 105.00 ZAR 175.00 ZAR 120.00 $ 17.04 $ 28.40 $ 17.47 6.4% 9.5%
Class B (Secondary) ZAR 62.00 ZAR 120.00 ZAR 91.00 $ 10.06 $ 19.47 $ 13.25 9.5% 11.3%
 
Industrial
Bulk Warehouse ZAR 25.90 ZAR 25.90 ZAR 25.90 $ 4.20 $ 4.20 $ 3.77 6.7% 11.0%
Manufacturing ZAR 16.40 ZAR 16.40 ZAR 16.40 $ 2.66 $ 2.66 $ 2.39 6.7% 11.0%
High Tech ZAR 26.40 ZAR 26.40 ZAR 26.40 $ 4.28 $ 4.28 $ 3.84 6.7% 10.5%
 
Retail
City Centre ZAR 80.00 ZAR 300.00 N/A $ 12.98 $ 48.68 N/A 7.1% 11.0%
Neighbourhood Centres ZAR 150.00 ZAR 220.00 N/A $ 24.34 $ 35.70 N/A 4.9% 10.0%
Community Power Centre (Big Box) ZAR 100.00 ZAR 200.00 N/A $ 16.23 $ 32.45 N/A 4.9% 9.5%
Regional Shopping Centres/Malls ZAR 180.00 ZAR 700.00 N/A $ 29.21 $ 113.59 N/A 3.5% 8.0%
Solus Food Stores N/A N/A N/A N/A N/A N/A N/A .0%

Development Land Low/ M2 High/ M2 Low/Acre High/Acre
Office in CBD ZAR 1,500.00 ZAR 2,000.00 $ 883,594.47 $ 1,178,125.96
Land in Office Parks ZAR 4,200.00 ZAR 8,300.00 $ 2,474,064.51 $ 4,889,222.73
Land in Industrial Parks ZAR 600.00 ZAR 1,600.00 $ 353,437.79 $ 942,500.77
Office/Industrial Land - Non-park ZAR 4,200.00 ZAR 8,300.00 $ 2,474,064.51 $ 4,889,222.73
Retail/Commercial Land ZAR 650.00 ZAR 650.00 $ 382,890.94 $ 382,890.94
Residential ZAR 1,000.00 ZAR 1,500.00 $ 589,062.98 $ 883,594.47

Conversion 6.87ZAR = 1 US$


 

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