Vacancy rates, investment choices, and the prices buyers are willing to pay for Johannesburg assets could be impacted by consistent advancements in city administration and service delivery.
Johannesburg-based commercial property is valued at an estimated R196 billion below comparable Cape Town-adjusted levels.
This is according to a new analysis by South African commercial property data company Gmaven.
“Johannesburg has been regarded as a value market for years, but the size of the gap has never been clear,” says William Harris, CEO of Gmaven.
“By comparing equivalent properties and completed transactions, we can quantify Johannesburg’s discount to Cape Town and identify which parts of the market account for most of the potential recovery.”
