The retail property sector had the highest in prime rents in Johannesburg, South Africa in 2024. The monthly cost of a prime retail space amounted to 15 U.S. dollars per square meter, while offices achieved a monthly rent of 12.44 U.S. dollars per square meter.

This statistic shows the rent per square meter for prime industrial properties in Johannesburg, South Africa in the first quarter of 2018, by market. In that period, the rent for prime industrial real estate in Midrand cost 75 South African rand per square meter.

The industrial property sector was the only one which experienced an increase in prime rents in Cape Town, South Africa between 2020 and 2022. From 5.5 U.S. dollars in the first quarter of 2020, the monthly square meter rent of industrial space grew to 6.9 U.S. dollars in the first quarter of 2022. Rental rates for retail space, on the other hand, halved during the period.

The average sales price of retail real estate in South Africa increased in the Gauteng and KwaZulu Natal, nad Western Cape provinces in 2021. Gauteng, where Johannesburg is situated had the most expensive retail real estate at almost 14,500 South African rands per square meter in 2021.

The average monthly rent of residential properties in South Africa was the highest in the Western Cape province in 2023. In the second quarter of the year, renters paid on average 9,730 South African rands per month. The North West was the most affordable province, with a monthly rent of less than 6,000 South African rands. Overall, rents in South Africa have been on the rise.

The average sales price of office real estate in the Gauteng and KwaZulu Natal provinces in South Africa increased in 2021, while in the Western Cape and Rest of South Africa, they fell. Gauteng, where Johannesburg is situated had the most expensive office space at almost 20,000 South African rands per square meter in 2021.