Smaller com­mer­cial and in­dus­trial units in de­mand

Weekend Argus (Saturday Edition) - - PROPERTY -

ANY­ONE with an ear to the ground now will have de­tected an up­surge through­out the Western Cape in light man­u­fac­tur­ing, as­sem­bly, im­port and ex­port, mar­ket­ing and dis­tri­bu­tion ac­tiv­ity, ac­cord­ing to Liz Grim­beek, man­ager of Raw­son Prop­erty Group’s Western Cape com­mer­cial prop­erty fran­chise, which is owned by Mark Vladislavich.

“This is es­pe­cially true for smaller firms that tend to em­ploy only 10 to 15 peo­ple and which mostly cater for niche mar­kets in South Africa and over­seas. The de­mand for con­ve­niently sized com­mer­cial and in­dus­trial units is al­ready strong, and will in­crease.”

Grim­beek be­lieves cer­tain precincts will con­tinue to be lead­ers in pro­vid­ing this type of pop­u­lar small unit, and that Mon­tague Gar­dens, Mar­coni Beam and Mil­ner­ton are the fron­trun­ners at present.

She says the Raw­son Com­mer­cial Cen­tury City team has just sold a 200m2 com­mer­cial/in­dus­trial unit in Prime Park, Mon­tague Gar­dens, for R1.36 mil­lion. This is over R7 000/m2, which is the go­ing rate for at­trac­tive, easy-ac­cess and se­cure units.

“Units in the more pop­u­lar parks can be any­thing from 1 0 0 m2 t o 6 0 0 m2, b u t t h e strong­est de­mand is al­ways in the 250m2 to 400m2 brack­ets. Rents for such units range from R38/m2 to R80/m2.”

GO­ING RATE: The 200m2 com­mer­cial and in­dus­trial unit in Prime Park, Mon­tague Gar­dens, which the Raw­son Com­mer­cial Cen­tury City team re­cently sold for R1.36 mil­lion.

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