WIT Press


Forecasting Office Rentals In Gaborone In The Short And Long Term

Price

Free (open access)

Paper DOI

10.2495/SD150141

Volume

168

Pages

11

Page Range

155 - 165

Published

2015

Size

571 kb

Author(s)

J. Kampamba, C. E. Cloete

Abstract

The purpose of the study was to forecast office rentals in the city of Gaborone, Botswana. A model was developed to assist in the evaluation of proposed investments and developments. The study was both qualitative and quantitative in nature. The sample was determined at 95% confidence level with a 5% margin of error and 40% chance that the picked respondents were dealing in offices. The data obtained from the 30 respondents was analysed using regression analysis models, Microsoft Excel and SPSS 16.0 package to determine the relationship between prosperity (GDP growth) and levels of rentals. The moving average method (MAM) of office rentals between 2008 and 2014 was used to derive the direction of rental values in the four office nodes in Gaborone. The findings indicate that rentals are expected to increase at various rates in the four areas under investigation. This study is the first of its kind in Botswana and should be useful to real estate professionals, financial institutions, tenants and academics.

Keywords

forecasting, moving average method, real estate, office rentals, Gaborone, Botswana