18 Apr 2012
Tenants in Johannesburg are reportedly looking for secure and quality office properties with easy access to transport facilities.
According to JHI Properties in Gauteng, this is partly thanks to rising fuel costs, ongoing traffic congestion and the toll system scheduled to kick off at the end of the month.
Jonathan Klimek, leasing and sales broker at JHI Properties says they are increasingly seeing a lot of tenants looking for office space located where there is good infrastructure and access to public transport, particularly businesses with a large staff complement.
He notes that there is a growing interest from national and international businesses in regard to securing large space for call centres – which are springing up in South Africa in major centres such as Cape Town and Johannesburg.
Klimek explains that a landmark 18 storey building currently offering office accommodation catering for both large and medium size businesses is 25 Owl Street.
The property is situated in the burgeoning media hub in Auckland Park, close to the SABC studios and just off the M1 close to the Empire Road offramp.
Each floor comprises approximately 800 square metres and this space can be further subdivided based on the landlord’s approval, in order to accommodate even small businesses.
For businesses seeking large space, such as call centres or for corporate headquarters, there is also large space available from 1 000 to 9 000 square metres.
Depending on the tenants’ space requirements, the landlord will consider rentals from R80 per square metre (excluding VAT), he says.
Klimek says the growing desire for cost efficiencies may see businesses increasingly gravitating towards refurbished buildings or modern buildings that allow flexible configurations which enable the most effective utilisation of space.
The property has forward-thinking architectural design featuring open-plan floors with pillars only in the centre of the building.
This provides tenants with flexibility to design their interior to suit their own requirements and in keeping with their own corporate image, he says.
“While the building is B grade based purely on age, the interior is renovated with A grade finishes.”
He says the property is close to Parktown and Westcliff and within easy reach of the trendy 44 Stanley Avenue precinct, Milpark Galleries Shopping Centre, Campus Square Shopping Centre and Milpark Hospital.
It is also located on the ‘education belt’ near Wits University and the University of Johannesburg as well as the Braamfontein CBD, he adds. – Denise Mhlanga
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