CBRE: Johannesburg prime office rents up unchanged 2.78% over year to 1Q15.

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According to CBRE’s EMEA Rents and Yields Marketview, prime office rents in Johannesburg were ZAR185 per square metre per month in 1Q15, or 2.8% more relative to 1Q14. Rents have risen 12.1% from their lows in the wake of the 2008/09 global financial crisis.  Prime office yields are 8.00%, down 25 basis points from their highest levels since the crisis.

Source : May 2015/CBRE/Johannesburg/OFF