Looking at the bigger picture, these are the 12 factors that we believe will underpin growth in Africa’s commercial real estate industry:
• Sustained Economic Growth
• Favourable Demographics
• Rapid Urbanization
•Expanding Middle Classes
•Commodities and Energy Resources
• Innovation and Technology
• Increasing Foreign Direct Investment (FDI)
• Service Sector Growth
• Offshore Jobs
• Improving Governance, Economic Management and Transparency
• New Infrastructure … New Cities
• Rapidly Evolving Commercial Real Estate Market
Source: The 10 African cities poised for take-off | World Economic Forum