Office Sector a Long Term Underperformer as technology advanced
Covid-19 lockdown didn’t change the direction of the rising long-term Work from Home (WFH) trend.
The fuel price reduction is not yet expected to be sufficient to stop an anticipated weakening in commercial property demand in the 2nd half of 2022
The fuel price reduction is not yet expected to be sufficient to stop an anticipated weakening in commercial property demand in the 2nd half of 2022, as lagged direct and indirect impacts from earlier fuel price hikes feed through.
Impact of fuel price increase on commercial property
It is well-known that the cumulative fuel price increase has added significantly to overall consumer price inflation, and this further increase sustains this pressure.
November 2021 Hotel Accommodation Statistics
November hotel revenues - strong year-on-year growth off a low 2020 base, but still far weaker than 2019.
November non-residential building statistics release could point to weakening in commercial space building activity in 2022.
The StatsSA November 2021 release of non-residential building plans pointed to early signs of weakening to come for the Commercial Property Building Sector in the run up to 2022.
Property Broker Survey –Market Balance Q2 2021
Brokers continue to see all 3 major commercial property buying/selling markets as substantially oversupplied, but the perception is that the Industrial Property Market’s oversupply is the least significant.
Residential building activity is expected to show very strong growth in 2021
1st Quarter 2021 StatsSA residential building numbers showed some positive growth in units completed, but growth in plans passed was still negative.
Brokers perceive recovery in industrial and retail market activity, but little sign of improvement in the office market
1st Quarter 2021 FNB Property Broker Survey of Rental Market Conditions – Brokers perceive recovery in Industrial and Retail market activity, but little sign of rising activity in the Office Market.
FNB Commercial Property Broker Survey – 1st Quarter Market Activity Survey points to further recovery progress, but still not back to pre-lockdown levels
The 1st Quarter 2021 FNB Commercial Property Broker Survey component that surveys broker perceptions of buying/selling market activity by major commercial property class, continued to show rising activity ratings in all 3 classes, i.e. the Industrial, Retail and Office Property Classes.
Retail Property Themes through lockdown and beyond
FNB Commercial Property Finance held its Quarterly Property Market briefing today and the focus was on key Retail Property themes.
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