Johannesburg

Overview

As the largest city in South Africa, it is no wonder that Johannesburg is the biggest commercial and industrial node in the country and is often referred to as SA’s economic powerhouse. A wide variety of flourishing industries can be found in this city and its surrounding suburbs, these include; commercial, financial, industrial, and mining undertakings. Established in 1886 after the discovery of gold, the city grew rapidly and within a decade the once small populated farm increased to approximately 100 000. Today there are more than eight million inhabitants in Johannesburg, which spans around 2000 km2.Industrial and Commercial SuburbsJohannesburg has many bustling industrial and commercial areas that contain a multitude of sought-after properties; these nodes include suburbs such as:Industrial• Aeroton• Benrose• Booysens Reserve• City Deep• Denver• Devland• ElectronCommercial• Sandton• Rosebank• Kya Sands• OrmondeIndustrial and Commercial Property MarketContinual demand for A and P Grade office accommodation has been fuelling the vigour of the commercial property landscape in Johannesburg – with medium and smaller sized businesses seeking out flexible lease terms opting for three-year leases. Together with the increase in stock, due to new developments, particularly in popular commercial nodes, competition is high.Industrial developments have also increased the activity in this sector, with the prospects of great future growth in the long-terms. Logistics companies seeking secure warehousing space have also been driving the demand, particularly in the central, eastern and western suburbs – with prime gross rent set around R55 and R60 per square metre per month and 9.9% vacancy rate.LocationJohannesburg enjoys a well-seated, central location and is serviced by a vast network of roadways and arterial routes. Johannesburg is approximately 1 397,7km away from Cape Town, 567,5 km from Durban and 1 046,5 km from Port Elizabeth – Johannesburg is connected to these cities via the N1, N3, N12 and other secondary roadways.TransportJohannesburg boasts an established infrastructure of public transport options that make this the ideal place for employees to easily commute between home and work. These include:GautrainThis state of the art rapid rail network, linking Johannesburg to Pretoria and OR Tambo International Airport to Sandton, has made it incredibly convenient to travel between suburbs in a short time – avoiding frustrating traffic. The Gautrain travels between seven other stations, these include; Rosebank, Sandton, Marlboro, Midrand, Centurion, Hatfield and Rhodesfield (Kempton Park).Other transportation options include:• Bus Rapid Transit/ Rea Vaya• Metrobusses• Taxi ServicesShoppingJohannesburg is home to hundreds of malls and shopping centres that make for convenient places to meet with clients or to visit during lunch hour. Some noteworthy retail spots include:Sandton CityAs one of Africa’s leading shopping centres, Sandton City provides shoppers with an unmatched retail and entertainment experience, combining many leading international and local brands with great eateries, leisure and entertainment. Situated in the prestigious Sandton Central Management District in the north of Johannesburg, it is easily accessible from most arterial routes and is in walking distance from the Sandton Gautrain station.Other shopping centres include:• Melrose Arch• Fourways Mall• Mall of Africa• The Mall of Rosebank3 Cube Property Solutions provides buyers, sellers, landlords and tenants with a variety of industrial and commercial property options including; secure warehouses, factories, showrooms and office space available in Johannesburg and its suburbs. Our dedicated and experienced team of agents specialises in industrial and commercial property sectors and works with corporate, institutional and private clients to find the right property for your business or company’s requirements. Contact us today to view competitively priced industrial and commercial spaces in Johannesburg.