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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: 19-Nov-2009
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* Click on each category for a detailed definition.

RENT/M2/YEAR RENT/SF/YEAR
Low High Effective Avg. Low High Effective Avg. Vacancy Investment Yield
City Centre Office
New Construction (AAA) SAR 2,100.00 SAR 2,100.00 SAR 2,100.00 $ 25.71 $ 25.71 $ 25.71 N/A N/A
Class A (Prime) SAR 360.00 SAR 924.00 SAR 540.00 $ 4.41 $ 11.31 $ 6.61 3.9% 11.0%
Class B (Secondary) SAR 240.00 SAR 660.00 SAR 480.00 $ 2.94 $ 8.08 $ 5.88 21.8% 12.5%
 
Suburban Office
New Construction (AAA) SAR 2,100.00 SAR 2,100.00 SAR 2,100.00 $ 25.71 $ 25.71 $ 25.71 N/A 9.0%
Class A (Prime) SAR 780.00 SAR 1,440.00 SAR 1,200.00 $ 9.55 $ 17.63 $ 14.69 3.9% 9.5%
Class B (Secondary) SAR 588.00 SAR 1,140.00 SAR 900.00 $ 7.20 $ 13.96 $ 11.02 17.0% 10.5%
 
Industrial
Bulk Warehouse SAR 216.00 SAR 456.00 SAR 360.00 $ 2.64 $ 5.58 $ 4.41 3.0% 10.5%
Manufacturing SAR 216.00 SAR 420.00 SAR 336.00 $ 2.64 $ 5.14 $ 4.11 3.3% 10.0%
High Tech SAR 336.00 SAR 600.00 SAR 480.00 $ 4.11 $ 7.35 $ 5.88 3.7% 10.0%
 
Retail
City Centre SAR 264.00 SAR 3,900.00 N/A $ 3.23 $ 47.74 N/A N/A 11.0%
Neighbourhood Centres SAR 1,020.00 SAR 4,200.00 SAR 2,604.00 $ 12.49 $ 51.42 $ 31.88 N/A 10.5%
Community Power Centre (Big Box) SAR 840.00 SAR 3,360.00 N/A $ 10.28 $ 41.13 N/A N/A 10.0%
Regional Shopping Centres/Malls SAR 2,040.00 SAR 8,400.00 N/A $ 24.97 $ 102.83 N/A N/A 7.5%
Solus Food Stores N/A N/A N/A N/A N/A N/A N/A N/A

Development Land Low/Hectare High/Hectare Low/Acre High/Acre
Office in CBD SAR 15,000,000.00 SAR 20,000,000.00 $ 799,889.92 $ 1,066,519.90
Land in Office Parks SAR 17,500,000.00 SAR 22,500,000.00 $ 933,204.91 $ 1,199,834.88
Land in Industrial Parks SAR 6,500,000.00 SAR 9,000,000.00 $ 346,618.97 $ 479,933.95
Office/Industrial Land - Non-park SAR 9,000,000.00 SAR 12,000,000.00 $ 479,933.95 $ 639,911.94
Retail/Commercial Land SAR 15,000,000.00 SAR 20,000,000.00 $ 799,889.92 $ 1,066,519.90
Residential SAR 2,500,000.00 SAR 6,500,000.00 $ 133,314.99 $ 346,618.97

Conversion 7.5889SAR = 1 US$


 

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