Prime property rentals sink to ten-year low

Friday, April 24, 2015

Sustained new developments in the CBD have knocked down rentals around town

The recent upsurge in development activity in Gaborone’s office accommodation has softened rentals across town with analysts saying prime rents have now fallen to a ten year low.

The prime rent, usually quoted in US dollars, is defined as an average rent of the top 3-5 percent of all lettings in each submarket.

According to the Knight Frank Africa 2015 report, the supply of office space in Gaborone currently outstrips demand due to sustained developments, which have largely focused on the new CBD.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

By-elections often arrive quietly, triggered by unfortunate circumstances such as the death of the area councillor PIC: KENNEDY RAMOKONE

Moremaoto votes, parties face reality

Tsaone Basimanebotlhe | 2d ago

High Court orders ZCC Botswana to reunite

Laone Choeunyane | 2d ago

Day 3: Search for Maun missing boy continues

Staff Writer | 2d ago

Long 1,900km drive awaits netball teams

Calistus Kolantsho | 2d ago

Ngada to pip seasoned campaigners for AFCON place?

Kabelo Boranabi | 2d ago

Oneal R&B orchestra shares African story

Lucy Kgweetsi | 2d ago

Yarona FM to host Just Kidding Fam Fest

Nnasaretha Kgamanyane | 2d ago

Softball Spectacular to quench players’ thirst

Calistus Kolantsho | 2d ago

Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

The Monitor Editor | 02 December 2025

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

Prime property rentals sink to ten-year low

The recent upsurge in development activity in Gaborone’s office accommodation has softened rentals across town with analysts saying prime rents have now fallen to a ten year low.