Tag: property rental

In the wake of the pandemic, many face the reality of their meticulous credit records being negatively affected by the whirlwind of last year’s economic instability. Landlords and tenants alike have been affected due to income loss, leading to missed bond payments, downsizing and, unfortunate, if unavoidable evictions.

SpaceMatch, an online platform that allows landlords with available space to list their properties and prospective tenants to view and secure those spaces for rental, is shaking up the traditional retail rental market. The platform – www.spacematch.co.za – already has more than 200 spaces loaded, together offering an impressive 37,148m² of prime retail space.

Economic analysts recently reported that by August 2020 as many as half of South African small businesses had closed down due to the national lockdown. A more frightening statistic awaits our economy as, 6 months later, many more find themselves on the threshold of survival as the impact of the lockdown continues to distress small, medium and micro-businesses (SMMEs).