economic advantages of johannesburg inner city - Joburg

May 12, 2010
• Johannesburg Inner City is characterised by 7.0 million square metres of floor space - 3.0 million square metres of office floor space
– 2.15 million square metres A & B grade office space. This floor space is available in sizes ranging from 15m² to 2 000m²
• Retailers have a big demand for good well located premises but very limited supply exists. The retail box of opportunity can be
defined by Wolmarans Street, Von Willich, Commissioner, Sauer, Bree, Jeppe, Eloff, King George, Noord, Joubert and Wanderers.
• There is a strong informal trade component of which the annual turnover is estimated at R 4.2 billion. Management by MTC and
CJP – Markets include: Metro Mall, Faraday, Kerk Street, Quartz Street, Hoe Street, Park Station and Noord Street. Highest
concentration of informal trade along Bree, Plein, Jeppe, King George and Noord Street
• 400 000 to 500 000 cross border shoppers annually – contribution between R10 and R17 billion towards the City’s economy
• Approximately 35 000 residential units in the inner city – with overcrowding placing increased strains on current infrastructure. New
residential projects are being completed within the inner city with increased focus on the middle to higher income market
9.2 CORPORATE HEADQUARTERS AND SEAT OF GOVERNMENT
Figure 20 below indicates the location of corporate headquarters and seat of governance. It is evident that a number of these key corporate
headquarters and seat of governance are located within and just beyond the Westgate Precinct, boding well towards future development of
the precinct.
Westgate Station Precinct Spatial Development Framework and Implementation Plan 51