South African retailing is the strongest in the sub-Saharan continent and continues to offer excellent potential to retailers interested in an African presence. South Africa also tends to be the traditional first port of call for foreign retailers entering the market.The construction of five shopping centers within one year in Gaborone, providing approximately 85,000 sq m of new retail space, is likely to prove excessive for a small city. Concerns of traffic congestion and fears over security in the CBD have also led retailers to move to suburban shopping centres in Nairobi.
The main fundamental step of making the process effective is making it help with the help of experienced property valuer. This will help you to say good bye to your problem and welcome the ease and comfort that you will face when you will start to work with the property valuer.
Kampala, Johannesburg, Lagos, Nairobi and Blantyre are all expected to experience retail rental growth rates of between 2 percent to 10 percent in 2004. These markets are generally safer and better established with respect to retail and also presently carry lower investment risk market value of the property.
Lusaka and Harare will see no rental growth for the next year. Demand for retail space and the current lack of supply in some African markets maintains relatively low vacancy rates across the main African shopping centers although little speculative development has occurred as the risks involved in investment are considered to be high. Africa generally offers higher yields to the investor who accepts certain risks which are associated with investing in non-traditional markets.