JLL Johannesburg market overview reveals strong demand for office space in new Waterfall Business Estate, rising office vacancy rates and increased activity in industrial property around OR Tambo, Gosforth Park, Waterfall and N1 Business Park.

Rentals are projected to remain flat in the next 12 months as the overall demand in the Johannesburg area is relatively weak with minimal rental growth expected in the prime office buildings. Despite this, it is anticipated that this node will continue to perform well due to its prime corporate address and good quality office buildings. 

Sandton is the largest commercial real estate node in the decentralised area in Johannesburg.