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Vacancy as at March 15 Leased to Jan 16 Stats & facts Smartmove - March 2015 to January 2016. ›› Broker deals – 24 585m2 ›› Direct deals – 6980 m2 ›› Combined deals – 31 565 m2 ›› Cumulative deal value of signed offers and concluded leases – R160 346 977 Vacant m 2 R value per month m 2 % of original vacancy 138 West 1,832 320,670 906 49% Constantia Park 9,004 863,608 6,405 71% Freestone 1,775 237,910 0 0% Hatfield Gardens 7,299 584,011 4,049 55% Homestead Park 8,838 775,580 5,720 65% Menlyn corner 5,305 875,358 2,702 51% Woodmead Estate 3,749 416,810 3,039 81% Total 37,802 4,073,947 22,820 60%
Location trends Bryanston Bryanston is the fourth largest node in Johannesburg after the CBD, Sandton and Midrand. There is a noticeable trend towards an increase in demand from businesses relocating to this popular area. The node is currently undergoing major changes with a number of new developments adding much-needed quality stock in the market. Most of these upgrades and developments are around Nicolway, Ballyclare and Main Road. Anslow Phase 2 (our building) is evidence of the confidence in the node. Why move here? Bryanston offers an optimal mix of infrastructure, access and upmarket appeal and brings convenience to the surrounding community. The location of the node appeals to both residential and commercial property investors. The new developments, P grade buildings and even some A grade building in the node offer fantastic efficiencies. Most clients are willing to pay a premium for high quality accommodation that offers these improved efficiencies and reduce operating costs. This thriving commercial node is also a preferred alternative to Sandton for blue chip businesses and large A Grade and P grade users. SAPOA figures for the area: Total M² in the node – 585 939m² Total M² vacant – 42 438m² Average vacancy percentages – 7.2% (3.3% lower than the national office vacancy recorded at 10.5%)
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