About George
George Property Market Guide
In-depth market analysis, rental rates, and investment insights
The office sector will see a 'flight to quality' continue, with prime and A-Grade spaces maintaining strong demand and rental growth. Older B and C-Grade buildings will need refurbishment or repurposing to remain competitive. Vacancy rates for well-located, modern offices are expected to remain stable or slightly decrease, driven by professional services and regional HQs. The industrial sector is set for robust performance, driven by George's growing role as a logistics and distribution hub for the Garden Route. Demand for warehousing and light manufacturing facilities is expected to remain high, supporting further rental growth and new development, particularly around the airport and major transport routes. Retail will continue its resilient performance, benefiting from local population growth and consistent tourism. Convenience centres and experiential retail are likely to outperform. While online retail poses a long-term challenge, George's strong community and tourist base will ensure continued foot traffic and demand for physical retail spaces, especially in prime locations.