2023-06-02-莱坊-Africa_Office_Market_Dashboard_Q1_2023_12页_8mb

报告摘要

Renewed global interest from powers like the U.S. and U.K., with investments totaling US$2 billion and US$200 billion respectively, drives office demand recovery.
Surge in demand for Grade A and ESG-compliant offices, with overall vacancy rates averaging ~20%; cities like Lagos and Nairobi show over 200% rent increases.
Africa has approximately 800 green-rated buildings, predominantly in South Africa, representing a fraction of global green buildings.Multinational occupiers boost demand, particularly in hubs like Cairo, Lagos, and Johannesburg.

Notable growth in co-working spaces for flexibility, along with a focus on sustainability, such as Building Integrated Photovoltaic (BIPV) systems.
Market recovery amid post-pandemic challenges; demand shifting from CBD to suburban areas in many cities.
Emphasis on space efficiency and lifestyle amenities in office buildings to retain tenants.

Egypt: Stable premium office demand; rents steady at $30 psm for prime spaces, with CBD developments enhancing quality.
Kenya: Prime rents stabilized at US$13 psm; occupancies high due to USD preference and completion of new developments.
Botswana & Malawi: Economic challenges persist, with inflation issues dampening growth in Malawi's market.
Nigeria: Increasing co-working spaces; ESG focus grows, with landlords offering incentives to compete.
South Africa: Economic issues like power shortages affect demand; some blackouts temporarily reduce home办公 capacity; vacancy rates rose but expected recovery.
Tanzania: Office rents declined due to policy changes; potential for 2023 recovery as economy strengthens and government initiatives improve.
Uganda, Zambia, Zimbabwe: Rising demand for smaller offices; African markets show economic resilience, with vacancy rates declining.

African office market is recovering, driven by ESG and flexible office solutions.
Rents and vacancy rates vary regionally: stable in growth hubs, declining in others; market outlook cautiously optimistic with potential for growth from sustainable practices.

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