Industrial property market dependent on retail, manufacturing
Unless the manufacturing and retail sectors achieved a significant performance turnaround, strong growth in the industrial property market cannot be expected, Rode & Associates chief property economist Erwin Rode says, noting that the growth in manufacturing output and retail sales volumes had, in general, waned since 2010 and that, for now, the prospects for these two sectors remained daunting.
Rode highlighted that there were several factors on the retail side that continued to presage modest growth in retail sales volumes, including households that were overwhelmed by debt, and therefore unable to afford significant credit extension; high and growing unemployment; and low consumer confidence levels.
“As for the manufacturing sector, its single largest hindrance to production remains the unreliable supply of electricity,” Rode pointed out.
Rode would further discuss the outlook for the retail and manufacturing sectors, and the likely impact it might have on the demand for industrial space and rentals at the yearly real estate investor conferences to be held in Durban, Johannesburg, Bloemfontein, Port Elizabeth, Cape Town and Windhoek next month.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation