Retail projects move forward in South Africa despite challenges

A first quarter retail market survey by real estate consultancy JLL, published in early June, said new retail projects are continuing to break ground despite a weak economic climate.

Ongoing activity, JLL noted, indicated a competitive retail market, strengthened by relatively low vacancy rates – especially in smaller shopping centres, where they had fallen from 9% to 5.2% year-on-year (y-o-y) by the final quarter of 2016.

Threads Team

We believe in change. We believe in leaving a lasting impact. That's why threads mission is to empower the next of South African fashion entrepreneurs by providing them with the tools, resources, and networks to run a sustainable business operation and thrive internationally.