Property giant Growthpoint says 25% of its Sandton offices are empty as vacancies soar

The original article can be found here.

Article highlights:

  • Vacancies in Growthpoint Properties’ malls, offices and industrial parks increased to 11.6% from 9.5% at the end of June 2020;
  • Across the country, almost a fifth of offices are without tenants – with a quarter of Sandton offices left empty;
  • Growthpoint says Gauteng is like is “a bucket with a hole” when it comes to keeping tenants.