The strong capital gains and rental growth recorded in South Africas industrial property market in 2006, is set to continue going in to 2007, on the back of a weakening rand.

Rael Levitt, chief executive of the Alliance Group, said: “Compared with offices and retail, industrial is by the far most buoyant nationwide.

“Because the rand is weakening it is fuelling exports in the manufacturing sector, which in turn is causing demand for industrial space from industrial users looking to expand, as well as new entrants into the market.”