What is driving the demand for Industrial Space?

Category Editorial

Whilst the commercial property sector remains under pressure with high vacancy rates, there is still demand for light industrial as well as logistics space. The increase in e-commerce activity during the varoius stages of lockdown is one of the factors driving demand for logistics space. According to Tim White of Pan-African construction solutions company, Profica, logistics and warehousing have strong fundamentals in place which may see the industrial sector weather the storm and to emerge with a more positive long-term outlook. With the current lockdown restrictions having a lesser impact on the general retailer, there has been some improvement in vacancy rates. This performance has also played a role in keeping industrial and logistics parks better tenanted than some of the other sectors.

Spire Property Solutions is well equipped to secure the right industrial premises for your business. We have access to the largest assortment of light industrial and logistics properties throughout the country. To find out more, get in touch with one of our area specialists. We have been helping businesses just like yours to find their perfect commercial retail or industrial space. Our team of property professionals are ready to find your perfect space. We have a longstanding relationship with the top property funds and property management companies in the city. We feature properties from Cape Town's most exclusive, vibrant, and desirable commercial locations, Spire Property Solutions offer a premium property portfolio that showcases the very best Commercial Space Cape Town has to offer. Get in touch today, and let us find you the right commercial property to rent or to buy.

Author: Spire Property Solutions