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South Africa's commercial property sector shows solid recovery and momentum
The Star
|November 27, 2025
FNB says it forecasts continued improvement in commercial property conditions.
THE commercial property market in South Africa is witnessing a significant resurgence, as demand now surpasses supply across industrial, office, and retail sectors.
According to the FNB Commercial Property Finance's latest Q3 2025 Property Broker Survey, this was so for the first time since the survey began in 2019.
Demand outstrips supply
According to the National Market Balance Survey, brokers report:
Industrial property remains the strongest segment, showing the most acute undersupply.
Office property shows a positive demand-supply balance for the first time, supported by repurposing activity, improving affordability, and lower vacancies in key metros.
Retail property also reflects a modest undersupply, indicating steady improvement in the sector.
Decrease in average time on market
Average time on the market has decreased across all property classes, giving further evidence of strengthening demand.
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