Despite average GDP growth of 2,7% in the 10 years since 1993, close to 2m m² of new A- and B-grade office space was built in Johannesburg's northern suburbs. Even allowing for the 550 000 m² space that is vacant because of over development - and the 400 000 m² that lies abandoned by companies that fled the Johannesburg CBD for the suburbs - that is about 110 000 m² net take-up/year in the past decade.

Suggestions that the listed property sector, the likes of property unit trusts and property loan stock, is coming off the boil, are premature says Rodney Luntz of property consultancy, Abro Luntz.

Use of professional managers still a subject for debate.