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
3. GDP Growth, 2013-2017
Sub-Saharan Africa GDP growth compares favourably with other major emerging markets
Ethiopia
China
Ghana
Nigeria
India
Kenya
Indonesia
Sub Saharan Africa
Mexico
Turkey
South Africa
Brazil
0
5
% pa 10
Source: IHS Global Insight, September 2013
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4. Africa - Sizing the Opportunity
GDP (PPP)
North
Africa
2013
$2.8 tn
$2.2 tn
$2.0 tn
$3.5 tn
Sub-Saharan
Africa
Germany
UK
France
Africa
North
Africa
2020
$3.1 tn
$2.6 tn
$2.2 tn
$5.0 tn
Sub-Saharan
Africa
Note: US$. Source: IHS Global Insight, September 2013
5. Working-Age Population
Billions
Fastest growth in Africa
1.5
2010
2040
1.0
0.5
0.0
North
America
Latin
America
Europe
Southeast
Asia
China
India
Africa
Working-Age Population defined as 15-64 age cohorts
Source: UN World Population Prospects, 2012
5
6. FDI Inflows, 2007-2012
+42%
Latin America
+41%
Sub-Saharan Africa
+18%
Asia Pacific
Middle East
-35%
North America
-36%
-52%
North Africa
-70%
Europe
-80
Source: World Investment Report, UNCTAD, 2012
-60
% change
-40
-20
0
20
40
7. Africa’s Commercial Real Estate Stock
North Africa
Offices
Shopping
malls
4 million sq m2
Sub-Saharan Africa*
2 million m2
South Africa
15 million m2
21 million m2
1 million m2
0.5 million m2
210 million
Population
830 million
52 million
Excluding South Africa.
Relates to modern offices and shopping malls
Source: Jones Lang LaSalle, Emerging Markets Consultants, SACSC, IHS Global Insight
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8. Grade A Office Rents, Q3 2013
African markets are among the world’s most expensive
Luanda
London
Hong Kong
Moscow
Geneva
Beijing
Lagos
Paris
Zurich
Shanghai
Tokyo
New York
Rio de Janeiro
Sydney
Singapore
Sao Paulo
Rents US$/m2/pa
0
250
500
750
1,000
1,250
1,500
1,750
2,000
2,250
Based on local definitions of prime Grade A rents. Source: Jones Lang LaSalle, October 2013
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9. Africa’s Evolving Urban Network
40 Cities – Our Watch List
North Africa
Casablanca, Rabat, Marrakesh,
Tangier, Algiers, Tunis, Tripoli,
Cairo, Alexandria, Khartoum
East Africa
West Africa
Accra, Abidjan, Dakar, Lagos,
Abuja, Port Harcourt, Kano, Ibadan,
Douala, Libreville, Malabo,
Kinshasa, Luanda, Brazzaville
Nairobi, Mombasa, Addis Ababa,
Kampala, Dar es Salaam, Kigali,
Port Louis
Southern Africa
Source: Jones Lang LaSalle, 2013
Lusaka, Harare, Maputo, Windhoek,
Johannesburg, Cape Town, Durban,
Port Elizabeth, Gaborone
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10. 10 African Cities to Watch
Casablanca
Cairo
Mature
Johannesburg, Cape Town
Durban
Emerging
Cairo, Casablanca, Nairobi,
Accra, Lagos
Addis Ababa
Accra
Lagos
Nairobi
Luanda
Early Adopter
Luanda, Addis Ababa
Johannesburg
Cape Town
Durban
Source: Jones Lang LaSalle, 2013
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12. For more information on Africa:
Giles Wrench
Managing Director
International Desk
+ 1 212 418 2656
giles.wrench@am.jll.com
Access our interactive Africa map: www.jll.eu/Africa-Map
Visit our Africa site: www.jll.eu/Africa
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