Real estate occupancy in Johannesburg is experiencing a shift, with uptake of new spaces on the rise while older buildings witness a withdrawal by occupants looking for modern architecture and décor.

The Jones Lang LaSalle real estate overview for Johannesburg finds that in the third quarter real estate uptake focused entirely on new office units in prime locations, with older buildings increasingly becoming vacant.

The report also makes note of the increasing rental prices for prime spaces in the third quarter.

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