Residential Conversions: A Significant Contributor to Addressing Office Property Oversupply and Market “Right-Sizing”
By John Loos , Senior Property Economist for Commercial Property Finance at FNB 03 July 2025 – Brokers estimate that a notable 19.3% of office property purchases are intended for conversion to residential or mixed-use developments. In Johannesburg, this figure is estimated at a significant 38.1%. The Office Market’s Oversupply Was About More Than Just Covid-19:…

