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Giles Wrench of Jones Lang LaSalle's presentation on The African Century of Urbanisation and Real Esate. The presentation highlights include; 10 African cities to watch, Africa's evolving urban network, and Grade A office rents. For more information about Africa visit Jones Lang LaSalle's informational website http://www.jll.eu/Africa
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November 21, 2013
The African CenturyUrbanisation and Real Estate
2
GDP Growth, 2013-2017Sub-Saharan Africa GDP growth compares favourably with other major emerging markets
Source: IHS Global Insight, September 2013
0 5 10
BrazilSouth Africa
TurkeyMexico
Sub Saharan AfricaIndonesia
KenyaIndia
NigeriaGhanaChina
Ethiopia
% pa
3
Africa - Sizing the OpportunityGDP (PPP)
Germany UK France
$2.8 tn $2.2 tn $2.0 tn $3.5 tnSub-Saharan
Africa
NorthAfrica
$3.1 tn $2.6 tn $2.2 tn $5.0 tn
Sub-Saharan Africa
North Africa
Africa
2013
2020
Note: US$. Source: IHS Global Insight, September 2013
5
Working-Age PopulationFastest growth in Africa
Working-Age Population defined as 15-64 age cohortsSource: UN World Population Prospects, 2012
0.0
0.5
1.0
1.5
NorthAmerica
LatinAmerica
Europe SoutheastAsia
China India Africa
Billio
ns
2010 2040
FDI Inflows, 2007-2012
Source: World Investment Report, UNCTAD, 2012
-80 -60 -40 -20 0 20 40
Europe
North Africa
North America
Middle East
Asia Pacific
Sub-Saharan Africa
Latin America
% change
+42%
+41%
+18%
-35%
-36%
-52%
-70%
Africa’s Commercial Real Estate StockSub-Saharan Africa*North Africa South Africa
Offices
21 million m2
1 million m2 0.5 million m2
15 million m24 million sq m22 million m2
210 million
52 million830 million
Shopping malls
Population
Excluding South Africa. Relates to modern offices and shopping malls
Source: Jones Lang LaSalle, Emerging Markets Consultants, SACSC, IHS Global Insight 7
Grade A Office Rents, Q3 2013African markets are among the world’s most expensive
Based on local definitions of prime Grade A rents. Source: Jones Lang LaSalle, October 2013
0 250 500 750 1,000 1,250 1,500 1,750 2,000 2,250
Sao PauloSingapore
SydneyRio de Janeiro
New YorkTokyo
ShanghaiZurichParis
LagosBeijing
GenevaMoscow
Hong KongLondonLuanda
Rents US$/m2/pa
8
Africa’s Evolving Urban Network40 Cities – Our Watch List
Source: Jones Lang LaSalle, 2013
Casablanca, Rabat, Marrakesh, Tangier, Algiers, Tunis, Tripoli, Cairo, Alexandria, Khartoum
Casablanca, Rabat, Marrakesh, Tangier, Algiers, Tunis, Tripoli, Cairo, Alexandria, Khartoum
North Africa
Accra, Abidjan, Dakar, Lagos, Abuja, Port Harcourt, Kano, Ibadan, Douala, Libreville, Malabo, Kinshasa, Luanda, Brazzaville
West Africa Nairobi, Mombasa, Addis Ababa, Kampala, Dar es Salaam, Kigali, Port Louis
East Africa
Lusaka, Harare, Maputo, Windhoek,Johannesburg, Cape Town, Durban, Port Elizabeth, Gaborone
Southern Africa
9
10 African Cities to Watch
10
Johannesburg
Cape TownDurban
Mature
Johannesburg, Cape TownDurban
Cairo
Accra
Nairobi
Lagos
Casablanca
Emerging
Cairo, Casablanca, Nairobi, Accra, Lagos
Luanda
Addis Ababa
Early Adopter
Luanda, Addis Ababa
Source: Jones Lang LaSalle, 2013
11
This presentation is the sole property of Jones Lang LaSalle IP, Inc. and must not be copied, reproduced or transmitted in any form or by any means, either in whole or in part, without the prior written consent ofJones Lang LaSalle IP, Inc. The information contained in this publication has been obtained from sources generally regarded to be reliable. However, no representation is made, or warranty given, in respect of theaccuracy of this information. We would like to be informed of any inaccuracies so that we may correct them. Jones Lang LaSalle does not accept any liability in negligence or otherwise for any loss or damagesuffered by any party resulting from reliance on this publication.
For more information on Africa:Giles WrenchManaging Director International Desk+ 1 212 418 [email protected]
Access our interactive Africa map: www.jll.eu/Africa-MapVisit our Africa site: www.jll.eu/Africa
