Real Estate Investor Magazine South Africa April 2014 | Page 46

TRENDS

BY PETER COLLINS

Shopping around
The latest commercial hot spots to look out for in Johannesburg

B

eset with high vacancies over the past few
years on the back of over-supply, which
has put pressure on rentals, Bryanston is
experiencing renewed interest, with the opening
of Nicolway Shopping Centre stimulating new
development. Samsung’s new head office, recently
constructed on William Nicol Drive while the new
Virgin Active on Main has anchored the node,
bringing a welcome upturn in achieved rentals.

particularly as the urban perimeters of Johannesburg
and Pretoria move ever closer. Given the huge
residential densit y in these t wo areas, it seems
inevitable that this will give rise to a growing demand
for office space, especially in the Kyalami area, as
businesses seek to relocate closer to residential areas.

Bryanston is def initely returning to favour and
trading well once more, having seen areas such as
Rosebank and Sandton come to the fore as a result
of increased infrastructural development such as
the Gautrain. Activity in Bryanston’s commercial
property market has picked up, with the current
competitive rates attracting corporates seeking not
only good value but also an appealing and accessible
location for premises – including a well appointed
and conveniently located head office.
In terms of office market trends in general, areas
with the potential for positive grow th include
Kyalami and rapidly developing Waterfall Estate,
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April 2014 SA Real Estate Investor

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