The latest national office vacancy estimates are marginally above 10% and in certain of Johannesburg’s northern suburbs it is as high as 12%.

The total value of retail in 2012 was R7.7 billion a decrease of 14% when compared to R8,9 billion transactional value in 2011.

In contrast to office and retail there was an increase of 17% in the value of transactional activity, totalling just over R1.4 billion.

The value of commercial property transactions for 2012 totalled R16,7 billion, down 5% from R17,7 billion transactional value for 2011.

Accommodating your company’s staff is an expensive business. Research shows that after salaries and IT expenses the cost of office accommodation is generally the organisations third largest cost