Commercial Guidebook | Real Estate Investor Magazine Commercial Handbook 2013 | Page 43

changed considerably. Businesses want to be located in a pleasing environment with secure parking for their staff and clients. Features they look for include, for example, ‘green’ areas included in the workplace and generally maximum natural light – particularly for creative spaces, a spacious kitchen or recreational area where staff can relax and ‘recharge’, and perhaps even a gym for exercise. “Having the workplace located in appealing surrounds enables staff to enjoy the convenience of safely walking to coffee shops, retail outlets and the like. An advantage of new office buildings is that they can easily incorporate ‘green’, energy-saving features, which further add to the appeal,” he says. “Considering that these days, many people spend a great deal of time at work, often outside what were previously considered conventional working hours, these added comforts become even more important in retaining quality staff,” he adds. Commenting on the market in general, Sharon says it’s positive to see that the demand for P Grade offices has been recognised by developers, who are moving forward with projects such as Portside, 22 Bree Street and the Media Quarter – the latter, which is almost complete. At the Media Quarter, Sharon has secured a 10-year lease for a decor company. “There has been a pent-up demand for prime office space, particularly when one considers the fact that other than a few buildings such as The Hudson and the Cape Quarter, very few new buildings have been completed in recent years. New additions to The Hudson building are nearing completion with about 800sqm of space available and very suitable for creative users. Now we are seeing major tenants taking up space – FNB has taken half the office space at Portside - which is to become Cape Town’s tallest building (on the corner of Buitengracht Street and Hans Strijdom), a large firm of attorneys is to occupy 22 Bree Street, while there is the new Allan Gray building taking shape in the V&A Waterfront. In addition to this, The Atlantic building is being redeveloped in the www.reimag.co.za Foreshore area. Importantly, these new developments or redevelopments further enhance the aesthetic appeal of Cape Town’s central area,” he says. “ We are a lso experiencing a demand from international companies and diplomatic off ices seeking standalone commercially zoned houses with grounds for parking. With hotels, the Cape Town Stadium, Green Point Urban Park and V&A Waterfront close at hand, coupled with a buzzing, metropolitan atmosphere, this area is high on their priority list. At the V&A Waterfront’s Clock Tower development, which is now almost fully occupied, we recently concluded a lease for office space for an international oil drilling company,” he says. Adds Sharon: “While there is a high demand for retail accommodation, very little suitable space is available. There are, however, good opportunities to rent office space in the CBD from R85 per square metre for B+ Grade accommodation.” TOP TIPS FOR AESTHETIC APPEAL 1 Lighting: Architectural success is impacted by choices in lighting, both for the interior and exteriors of spaces and buildings. Lighting affects how we perceive the building itself, as well as the people and objects within it. Lighting can be used to define zones within a space. 2 Windows:By replacing old windows with something new, it can completely change the look of a room. The fact that more sunlight will be able to enter the room will give it a warmer as well as brighter look. 3 Appealing Surrounds: It all comes back to location, the right environment is very important to the aesthetic appeal the offiice will have, having the right amenities nearby will dramatically increase the aesthetics of your office space. RESOURCES JHI Commercial Handbook 2013 41