•Stronger than anticipated take-up in the CBD has alleviated fears Gaborone would be saturated by the delivery of new offices in 2012. Concern has now shifted to ageing stock in secondary locations which have already seen substantial rental falls and will continue to struggle to attract tenants.
•Owner-occupier appetite has been resilient, especially from small and medium sized businesses, with sectional title units selling well in all the major office locations despite rising build costs.
•Strong competition for investment grade opportunities has seen further downward pressure on prime yields.
