https://www.engineeringnews.co.za

Industrial property market dependent on retail, manufacturing

22nd July 2015

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

Font size: - +

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.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.083 0.14s - 150pq - 2rq
Subscribe Now