Office vacancies in Century City drop to 7,4%
The continued strong take up of office vacancies at Century City has seen almost all new stock being mopped up and overall vacancies dropping to 7,4% in April from just under 10% in January this year and 12,1% in the fourth quarter of last year.
Jason Elley of Rabie Property Group, the developers of Century City, said of the 45 000 square metres of new office space that had come on stream in the precinct since November 2015, only 1040 square metres remained to be let.
Sales frenzy as Mayfair Gardens sells out at pre-launch
All 70 units in Mayfair Gardens at Century City, Cape Town were sold out within 45 minutes for a total of R106m at the VIP pre-launch function last night. “It is unprecedented. The last time we saw anything near this level of frenzied buying was with The Island Club launch at Century City 10 years […]
