According to Inospace CEO Rael Levitt, other countries are overtaking South Africa as the sub-Saharan market's warehousing and logistics property powerhouse. The city’s demand for logistics real estate is reflected in the fact that this type of property now accounts for 50% of the city’s new space requirements. Demand for modern warehouses continues to surpass supply across most African cities. While South Africa still remains the largest and most sophisticated warehousing and logistics market, opportunistic developers are seeking to plug a growing gap. The key drivers for prime warehousing demand are the same as in South Africa.

Source: The North Africa Journal May 26, 2022 16:41 UTC