Pressure mounts on office property market

According to a report compiled by real estate experts, Knight Frank, office supply continues to outstrip demand in Gaborone and this imbalance is likely to worsen for secondary space this year.

“With several large CBD office towers due for completion in 2017 and government departments set on moving to new CBD buildings, older and poorly located offices will be left empty with little expectation that they will be taken up by the private sector. “Fairgrounds Office Park remains the decentralised location of choice, 
with rents around 20% lower than in the CBD,” reads the Knight Frank Africa 2017 report.