Botswana ranked first in study of emerging property markets

Botswana has been ranked first among 42 emerging and frontier property markets around the world according to a study by the New York-based real estate brokerage and consulting firm Cushman and Wakefield.

The study of 2014 Emerging and Frontier Markets identified Botswana as the most efficient and transparent developing commercial real estate market, citing the country’s improving economy and a high supply of new office developments in Gaborone.

“The outlook for the office sector in Gaborone is for the market to become increasingly polarised between prime and secondary space.

As economic growth stabilizes, this will help to improve business confidence, and with Botswana being one of Africa’s most stable countries, the outlook is positive.

However, activity will focus primarily on prime space, with the proliferation of secondary space likely to remain largely vacant,”

 

 

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