Prime office space has just become available at "The Place" in Sandton. One of the blue-chip tenants currently in occupation has given a sole and exclusive mandate to Ash Brook to market and lease their commercial space. There are no existing vacancies to let at No 1 Sandton Drive, and this provides new tenants a unique opportunity to give their new head office the address that it deserves.
Commercial property is one of the only asset classes that investors are leaning towards, in an attempt to hedge themselves against another potential downturn in world markets. This is both the best time to lease and buy commercial property. In terms of leasing, the markets are the softest they have been in recent memory, while sales prices are following suite.
Ryan Smith from Ash Brook Commercial Properties has been awarded the coveted Growthpoint award for the most square metres leased by any broker in South Africa, during the period 1 January 2011 to 30 June 2011. This is an outstanding achievement, given that Ryan was up against 28 other broker firms countrywide.
Ryan Smith from Ash Brook Commercial Properties has been awarded the coveted Growthpoint award for the most square metres leased by any broker in South Africa, during the period 1 January 2011 to 30 June 2011. This is an outstanding achievement, given that Ryan was up against 28 other broker firms countrywide.
Major retail centres have always been very appealing to investors because of their high demand with tenants. Rental vacancies, even during times of slow market activity, have traditionally been low...
While the new Consumer Protection Act of April 2011 will make South African consumers the most protected in the world, there are some important points to consider if you are wanting to lease Commercial Property...
Commercial Property will be materially affected by the promulgation of the new Consumer Protection Act. Lease periods have been restricted to two years and consumers are allowed to cancel these lease agreements with only 20 days notice. SAPOA (South African Property Owners Assocation) has met with Department of Trade and Industry (DTI) in an effort to obtain the clarity which the property industry needs with regards to the new Consumer Protection Act (CPA).
Francois Thevenau, Head of Valuations at FirstRand, gives a brief overview of activity in the commercial property market for office, retail, and industrial for the First Quarter 2011.
The summary of last years growth was higher than anticipated, coming in at 13.3% compared with the revised 8.8%
M&T Development was created with the specific mission of establishing a well balanced commercial portfolio with emphasis on A-grade office parks
If you run a business of any sort, chances are you need some commercial property to let. You'll need a store front for a retail company or office space for any other type of business. In many cases it also means manufacturing or factory space, and a warehouse as well.
The Consumer Protection Act, No. 68 of 2008 was signed into law on 24 April 2009 and will come into effect on the 1st April 2011...
Commercial property confidence is mixed, according to a recent survey from the office, industrial and retail sectors. Ash Brook Commercial Properties has a much more bullish take on the market though, reflected by the company recording a 55% increase in turnover for the year ended February 2011.
The toll fee structure for the Gauteng freeway network will include discounts for e-tag users, off-peak travel, frequent users, and qualifying public transport operators, according to the South African National Roads Agency Limited.
According to the latest Rode’s Report on the SA Property Market of Q4 2010, office rentals were able to increase, even against the headwinds of a slowing economy.
Growthpoint Properties has given commercial property bursaries to five talented young university students to gain the opportunity to study towards a stimulating career in South Africa’s dynamic property industry
People wanting to invest in industrial (and commercial) property should not underestimate the long process that has to be gone through to arrange finance.
During the last three years, interest rates have been low and the rand has been strong, fuelling the growth of many businesses. With growth and expansion comes the need for larger premises and as many business owners begin to search for new premises, so they quickly realise that it is almost as cost effective to purchase property as it is to rent - hence many tenants became owners.
Given the South African economy is still experiencing sluggish growth, with the economy slowing to 2.6 percent in the third quarter of 2010, and against the backdrop of low interest rates, the commercial property market is performing OK...
The commercial property market has experienced another interesting year in 2010, with office vacancies being stretched in most main business nodes, and rentals having softened. Property Funds have been competing aggressively this year for a limited pool of blue chip tenants, and have also been providing existing tenants with incentives to renew lease agreements.
