Marketing & Media trends
- Auction industry survival depends on going virtualJoff van Reenen
- Covid-19 drives new trends in local property marketMarcél du Toit
Construction & Engineering trends
- 3 major trends in the commercial property space in AfricaPeter Hodgkinson
- A bright horizon for South Africa's energy landscapeBarry Bredenkamp
- Achieving developmental goals through constructionCyril Vuyani Gamede
CSI & Sustainability trends
- Time for NPOs to show their real impactKeri-Leigh Paschal
- 5 sustainability trends that will shape business in 2021Christelle Marais
- 4 trends set to continue or be re-interpreted in the NGO sectorInnocent Masayira
- Strengthening NPO skills and processesNazeema Mohamed, Feryal Domingo and Soraya Joonas
- Sustainability is key for social investment in 2021Keri-Leigh Paschal
- 4 trends in employee skills development and training you need to know for 2021Siphelele Kubheka and Desikan Naidoo
Energy & Mining trends
- 10 predictions around fintechDominique Collett
- The 4 themes for the new yearAndrew Duvenage,
- 3 wealth management trends to watch in 2021Maarten Ackerman
- 4 strategies to rethink investing in SMEsKuhle Mnisi
- Microinsurance ready to reach new heightsMarius Botha
- Finding alpha in the age of Covid-19Nema Ramkhelawan-Bhana
- Purpose or profit. It's not a choiceMike Middleton
- Shifting towards a digital - but still human - approachHenry van Deventer
HR & Management trends
- 4 areas in which your business can practice its swivelFrancois Kriel
- 5G is coming. Here's what it could mean for SASamantha Naidoo
- 3 big issues demanding legal attention this yearJonathan Veeran, Nozipho Mngomezulu and Burton Phillips
Logistics & Transport trends
Marketing & Media trends
- Tech democratisation will set the tone for 2021Andrew Smit and Johan Walters
- A bold year for beveragesAlex Glenday
- Acceleration of digital paymentsJonathan Smit
- Safety vs sustainability - the packaging industry's key conundrumNthabiseng Motsoeneng
- The evolving e-tail landscapeVilo Trska
#BizTrends2021: Trends to expect in the township development, office, retail spaces
As the fight against Covid-19 rages on, the property sector shows a bag of mixed results with some parts of the sector showing signs of growing demand and growth prospects while others are on their knees.
Seabelo (Herbert) Theledi, founder and managing director, Nthwese Developments
Here are some trends we expect to see in 2021:
A focus on rural and township development
There is a huge demand for property developments in both rural areas and the townships. Over the past decade, the development of townships into more economically sustainable communities has been a growing subject of interest in South Africa. The middle-class population is increasing daily in townships, which necessitates spaces that enable business activity. Young people are looking for job opportunities and retail property development is providing thousands of jobs across the board.
For example, despite the ongoing global pandemic and tough property market this year, Nthwese Property Developments is expanding and redeveloping the existing Bushbuckridge shopping centre to address the social-economic challenges in the area. The community of Bushbuckridge is experiencing exponential growth and the current infrastructure provided is not sufficient. The project will create a total of 1,763 jobs for the community.
Vacant office space will be converted into residential units
With economic uncertainty, people working from home and small and medium-sized businesses struggling, office buildings have become more and more vacant. I believe that this year some of those properties will be converted into residential units. Factors such as urbanisation and the booming housing market, especially for first-time buyers, shows the demand is there for more residential properties to be built in cities. Therefore, I foresee property developers taking advantage of this opportunity to convert existing buildings to make them viable again.
A bigger focus on tenant mix analysis
The year 2020 taught us that in retail shopping centres, achieving the right balance in tenant mix is paramount. Shopping centres are a one-stop shop for food, entertainment, fashion, medication, and luxuries. However, to keep the shopping centres viable, we must achieve the right tenant mix. Conducting a tenant mix analysis will be essential in gauging property performance and it will allow for adjustments to be made to meet the ever-changing consumer needs and drive more sales.
Increased focus on health and safety measures in property
Using sanitisers and practising the highest standards of hygiene is a habit that we should carry with us, even after Covid-19. Entry into buildings cannot revert to touch systems, especially after we have experienced the worst pandemic to ever occur in modern times. Now that we know better, we should do better. I foresee a trend where sanitisers and cleanliness are prioritised in the property sector. Tenants will have an obligation to adhere to health and safety procedures.
Insurance policy re-evaluations
There are currently many pending cases in the courts contesting insurance coverage in the property sector. Unfortunately, Covid-19 brought circumstances which we never accounted for as property developers or landlords and this has left us in the dark. Many insurance claims have not been paid out for several reasons. Therefore, I believe going forward it is essential that we all take a second look at the insurance policies we signed and re-evaluate terms and conditions as well as the cover provided.