ABOUT SANDTON CENTRAL
Sandton Central - with its modern architecture, towering skyscrapers and numerous green spaces - is a bustling business and commercial district in Johannesburg, Gauteng. It is home to some of the largest and most prestigious companies in South Africa, as well as numerous high-end shopping malls, hotels and eateries. Landmarks include the iconic Sandton City shopping mall and the Johannesburg Stock Exchange building.
NODAL DATA TO GUIDE OFFICE, INDUSTRIAL & WAREHOUSE OR RETAIL PROPERTY DECISIONS
Rental & Supply Trends on Prime & A-Grade Offices in Sandton Central
Like so many other commercial office nodes in South Africa, the Sandton Central office market continues to feel the effects of COVID-19. Vacancy rates have since stabilised and we expect to see this market recover slowly to pre-COVID-19 levels.
Opportunities exist for both landlords and tenants alike. Landlords who choose to enhance their buildings - by incorporating attractive workplace strategy elements in common areas that will appeal to tenants' staff - will benefit from reduced vacancies. Tenants who require premises that range from 250 m2 2 to 1,000 m2 are currently able to use the oversupply in this sized market to negotiate improved lease terms, as evidenced in the graphs below.
PRICING VS AVAILABILITY TRENDS | SANDTON