Data published by market intelligence firm Lightstone shows that business parks and secondary CBDs lead the recovery post-Covid-19, followed by industrial nodes, then primary CBDs and mixed residential.
Ongoing changes in the way people work have permanently transformed employees’ relationships with and expectations of work, says Gartner.
Joe Spring, head of location and commerce at Lightstone, said the group analysed aggregated and anonymised telemetry data in conjunction with business data to uncover levels of post-Covid recovery. “Deep dive analytics would have spread the net wider, but this study considered 40 metropolitan suburbs as South Africa’s key business nodes where either the suburb holds 2 000+ VAT registered businesses within them or only 500+ but suburb naming convention indicates a CBD/industrial/business area supplemented with a handful of other well-known industrial areas,” Spring said.
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