Prime property rentals sink to ten-year low

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

Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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