Industrial accommodation in the South African economy has seen a transition over the past few years, driven by various factors that have contributed to changes in the country’s economic make-up. In the report on Trade trends and the impact on industrial real estate, JLL provides an analysis of the major contributing factors to the key drivers of industrial property developments over the past ten years, and the implications these have had on the industrial real estate sector. The prevailing economic conditions are examined to draw an outlook on development activity in the sector. Find out more at http://www.jll.co.za/south-africa/en-gb/research/trade-trends

1. Rising import volumes in correlation to
rising retail and wholesale trade sales
Warehousing, logistics,
industrial development
dominates
Import volumes
5.3% average growth p/a
Retail and wholesale trade sales
4.9% average growth p/a (constant prices)
POST
Growth in the
financial and trade
sector
SHIFT
RESULT
PRE
Higher salary growth
Highly skilled labour
Trade deficit
2005
R4.2 bn
2015
R70.0 bn
Manufacturing decrease to
1.7 million jobs
Financial sector increase to
2.27 million jobs
Manufacturing over
2 million jobs
Financial sector
1.78 million jobs
2005
Lower income
Unskilled workers
2008-2015
Increased demand for higher end goods
Textiles
4.9% average p/a
Pharmaceuticals/Cosmetics
3.8% average p/a
Dominance of
primary sectors
and manufacturing
Industrial real estate in South Africa
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About the research:
Industrial accommodation in the South African economy has seen a transition over the past few years, driven by
various factors that have contributed to changes in the country’s economic make-up. This report provides analysis of
the major contributing factors to the key drivers of industrial property developments over the past ten years, and the
implications these have had on the industrial real estate sector. The prevailing economic conditions are examined to
draw an outlook on development activity in the sector.
Find out more: http://www.jll.co.za/south-africa/en-gb/research/trade-trends