Prop360

Letting & Vacancy

Unlet space, expiry risk and the deal pipeline

Vacancy rate

10.3%

1 405 m²

Vacant units

7

2 with active interest

Pipeline rent

R68k

monthly asking rent

Weighted pipeline

R27k

probability adjusted

Vacancy by centre

Percentage of GLA unlet

Lease expiry profile

Area expiring by bucket

  • Holding over4 leases · R467k/m
  • 0-6 months1 leases · R100k/m
  • 6-12 months3 leases · R375k/m
  • 1-2 years3 leases · R439k/m
  • 2-3 years6 leases · R565k/m
  • 3+ years6 leases · R768k/m

Deal pipeline

Prospective tenants by stage

Enquiry

1

R41k

Viewing

0

R0

Offer

0

R0

Legal

1

R27k

Signed

0

R0

ProspectCentreUnitCategoryAreaAsking rentAgentStage
KFCSandton CrossingA10Food & Beverage175 m²R26 700Nomsa DlaminiLegal · 80%
Kofi CornerSandton CrossingA13Food & Beverage205 m²R40 850Sipho KhumaloEnquiry · 15%
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