THIS IS THE SPACE PLACE

COMMERCIAL REAL ESTATE

Studies show that finding the right office space, in the right area, can make your employees much happier, as well as improving productivity. The right space also plays an important role in attracting the best caliber staff for your business.

Find the right commercial real estate agent to represent you

Finding the right Property Broker is key to finding the right space. Your property agent should have experience as well as a good track record in the area you are looking at.  Do your research, and this is quite easy to do on-line. Check if your agent is active in your area. Look for client reviews, or successful deals done. The best real estate agent is an experienced professional who listens to your needs and knows their specific market. That person might not necessarily work at the largest brokerage, or close the most transactions, but is ready to find your perfect space

Choose the right type of space best suited to your business needs

Decide what type of office space is right for your business. Look at your medium term plans for your business, what is your growth plan? If your business is fairly stable, and your have not planned to increase your staff compliment substantially, then choosing a traditional office is probably the best and most cost effective way to go. Renting a traditional office is more cost effective over the long run, as you are paying the lowest rental, and can spread your capital outlay over the period of the lease, usually 3 to 5 years. But, if your plans are more fluid, and you may require more flexibility in your office space requirements, it is beneficial to look at serviced or semi serviced office space. With this option, your lease term is flexible and can be as short as a month to month lease. With the serviced office option, you have a much smaller capital out-lay, as you do not have to purchase, or hire office furniture or pay to fit-out your new commercial space. You are also able to grow or shrink your footprint at very short notice. We have the right assortment of offices, both serviced, semi-serviced, shared and traditional office space to let.

How much space do you need?

There are a number of formulas out there that can help to find the right number of you should be renting. Your business will have its own requirements, and your trusty property broker will most certainly guide you on this topic. When planning your space, these are a few things you need to consider in order to get to the right number. And I always like to start at the beginning!

  • Does your business receive clients? If so, you may need a full reception area with space allocated for seating. If you rarely have clients rock up at your office, a smaller reception area is perfect.
  • Deciding on a reception, or not, you should also consider the placement of your meeting room. It often makes sense to have your meeting room/s adjacent, or in close proximity to your reception, thus avoiding clients and visitors trekking through your office area to get to the meeting room.
  • Kitchen, staff pause area. Its often best to have your own kitchen, and depending on if there are outside facilities, a dedicate staff rest and pause area. Or go the whole hog and put in a staff play room with pool table, Foosball and a lounge!
  • If you are lucky enough to have access to a patio, then plan your staff area close to this to maximum use of this space.  Remember, you are more than likely going to have to pay for you patio.
  • Storage, do you require a dedicated document storage area? A server room, these are not usually very big, but factor them in.
  • Does your business require your staff to have enclosed and private offices? Or do you need open plan work space. Open plan space is by far more cost effective, both from a space perspective, as well as fit-out costs. It can often work out better if you have your work space open plan, with one or two small private suites for those times your staff need a quite place, or area to discuss confidential matters.
  • Finally factor in your management and executive suites. Management suites are usually a 3 X 3 office (9m²), whilst the space for the big dog should be anywhere from 25 m² upwards.
  • There you have it, quite easy. Or not. If you have a fairly large space requirement, engage with a professional Space Planner to plot out your space from a more scientific perspective. You can often get them work at risk, or there may be a small fee for this design service, but it could work out saving you on space costs over the term of your lease.
  • The last point to consider is that you now know how many Meters Squared you need. When you are renting office space, there is usually a substantial difference between your usable area and your rentable area. (GUA & GLA) In the most extreme cases, your “common” area could be as high as 28% of you total GLA. This is especially high if you are looking at office space in a high rise building, that has large lift areas, lobbies etc. So factor in that you will need between 12% and 20% extra space to accommodate the common area in the building.

Choose the right area!

There are many factors to consider when choosing the perfect location for your business. Do you need to be close to key clients (Remember this can change over time), is public transport service important? Do you need staff parking? Client Parking? Here are a few points to think about.

  • Do you want to be close to other similar businesses? Creative hubs, financial districts, tech hubs? Speak to your property agent to find out more.
  • Parking. Parking bays are almost always an addition to your lease, and if you have a high parking requirement, this can become a large portion of your rent. Renting offices in high density areas, like the CBD come with fewer parking bays, and at a much higher cost than offices in less built up locations. And if you need fewer bays, the public transport infrastructure could be more important.
  • Considering places that are popular with your employee demographic is also important. Yes?
  • Market Rentals. Supply and demand for office space plays a role in what landlords ask for rent. Areas with low demand have better market rental than for instance areas with high demand and fewer options. You can often find awesome office space at an affordable rental in your less popular areas.
  • Convenience. Consider where your work-force is coming from. Shorter time spent commuting increase staff happiness and productivity.
  • Get your Property Professional to provide you with comparative rentals for your top three locations.
  • Branding and visibility for your business. Find out about free standing building, where you may be able to get naming rights and branding opportunities.

Finding the right space

During your search, you will find a wide range of suitable offices to rent. Some may already be fitted out, and the layout may suit your specific needs, or the space you want is a white box, and needs a full tenant fit-out. There are benefits to both these scenarios. Find a space that is close to your needs will mean that you will spend less on customizing your space. Starting from scratch may mean a higher initial cost, but designing your custom space could result in you having a smaller, more productive office layout. This could work out more cost effective over the long run.

Now you know how much Real Estate you need. You have a better understanding of the best location. All that is left is for your Property Broker to provide you with the most comprehensive assortment of Commercial Space best suited to your business requirements

Do need professional advice on find the right space, please reach out and let us help get you the best deal on your new space

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Property to Rent

26Jun

There has been a marked upswing in new commercial property developments in the Cape Town area, with many new office and industrial developments completed, and many more that have already broken ground and should be ready to take on new tenants during the course of 2019. A host of new property development in the inner city are set to change the skyline in Cape Town, and offer big business a range of new locations to call home. We have put together the top new commercial and industrial property developments for the greater Cape Town area

Office Space to Rent Midrand

Office Space Cape Town

Warehouse to Let Cape Town

35 Lower Long Street, Cape Town CBD

Type - Premium Office Development in Cape Town
Size: 14,000 m²
Completion: November 2019
Property description: 35 Lower Long is bound to be a signature tower building that will invigorate Cape Town's Foreshore precinct by attracting premium tenants. Priority has been given to activating the entire street edges of Lower Long & Jetty Street with multiple entry points and a prominent double volume entrance space. The sculpted form of the building mass, the defragmentation and articulation of the corners will provide dynamic views of the building across the city, both from street level and nearby buildings. The building is characterized by a singular sculpted massing with dynamic glazed facades that extend seamlessly over the offices floors and parking levels. The glazed façade terminates above ground level to emphasize the activated street edge. The entire length of the street frontage along Lower Long & Jetty Street is enlivened by new ground level retail, multiple entry points to the office building and a prominent double volume main entrance. The sculptural form of the building provides dynamic views from across the city, both at street level and from nearby buildings. See more ...

16 on Bree

Type: Residential and Retail
Size - 36 Storey
Experience the energy of the Mother City from Cape Town's tallest residential tower. Located on 16 Bree Street, this 36-storey residential project with complementary retail offers spectacular views of the mountain, sea and cityscape. 16 on Bree places residents in the heart of hip Bree Street, with its art galleries, antique shops, artisan restaurants and contemporary bars. Bree Street has become a destination in its own right - reflecting the diversity and creativity of Cape Town. Bree Street already offers regular events such as "First Thursdays", where people can frequent art galleries and eateries until late, and "Open Streets" where the road is for reserved for pedestrians. 16 on Bree offers a range of units: studio apartments from R1.9m, one bedroom units from R2.4m, two bedroom units from R3.8m and three bedroom penthouses from R10m. The penthouse apartments with four bedrooms start at R13.9m. Residents will have access to the swimming pool and recreation facilities on the 27th level and an outdoor gym. A day crèche is planned to provide for the growing number of working parents moving to the city. In keeping with the heritage grading of the HHO and Felderman buildings on the site, the development has been designed to include historical elements in the facade. Meanwhile, the street level design will reflect the urban landscape seen elsewhere on Bree Street and the double-volume colonnade along Prestwich Street will be for pedestrian access only. The heritage grading of the existing HHO and Felderman buildings on the site has dictated the design of the façade which has incorporated these heritage elements.

The Modern, Bree Street, Cape Town CBD

Type: Commercial, Residential and Retail
Size: 10,000 m²
The Modern will feature a high-rise glass structure on top of a podium base, with a 'twist' to the facade, adding shape. It will offer 24 luxury apartments, a 230 room 5-star hotel, and 814 square metres of retail space. The development will also offer over 10,000 m² of premium office space. Development on a R1.5 billion skyscraper in Cape Town, dubbed 'The Modern', is expected to begin in March 2018, with a 36 month development period. Upon completion it will form part of four buildings reshaping the citiy's skyline, with several additional developments underway. According to developers, Ingenuity Property, the building will be located on the corner of Bree, Loop and Hans Strijdom Avenue, and will combine the old with a new 'post-modern' style. The building will feature a high-rise glass structure on top of a podium base, with a 'twist' to the facade, adding shape. It will offer 24 luxury apartments, a 230 room 5-star hotel, and 814 m² of retail space. The development will also offer over 10,000 m² of premium office space.

Draper on Main, Claremont Cape Town

Commercial
Size: 5,500 m²
Completion: Early 2020
Located on Main Road in Claremont, Draper on Main is in the heart of the financial district in the Southern suburbs, and boasts majestic views of Constantia Mountains. It is within walking distance of Virgin Active, Pick n Pay, Woolworths, Cavendish Shopping Centre and the public transport hub, provides commuters with taxi's, buses and trains. The building is in close proximity to Newlands rugby grounds and Newlands cricket fields and offers ample parking. This AAA grade building boasts glass facades and modern and durable finishes, complemented by upper terraces. With brilliant views, the building also has a double volume main entrance and atriums to the ground floor lobby. The main entrance to the building identifies the human scale and incorporates a restaurant at street level, recreating a personal street-scape. The open-plan floor plates create the flexibility to sub-divide the space to accommodate your requirements, while the green features provide attractive savings in operating costs and help to reduce your business's carbon footprint. The building offers four spacious levels of office area, together with ample basement and structured parking, excellent security.

Quarry Hill Development, Tygervalley Cape Town

Commercial
Size: 14,000 m²
Completion: 18 Months
The aim of this development is to create more office space in the Tyger Valley area, including the needed parking. Quarry Hill is perfectly located in the Northern Suburbs of Cape Town, a prime residential and business hub. The multi-level building will be a major addition to the competitive market for prime office space in the vicinity. Tyger Valley Waterfront has become the new hub of social and commercial development in Cape Town's Northern Suburbs. Quarry Hill is situated in Tyger Falls on Carl Cronje Drive, Tyger Valley. This new development offers modern corporate office units and ground floor retail showroom spaces, with good visibility onto Carl Cronje Drive.

Sable Park, Ratanga Road, Century City

Commercial
Size: 18,000 m²
Completion: Mid 2018
Looking for premises that are green, efficient, convenient and prestigious? Look no further than Sable Park, Century Cities latest corporate masterpiece, which incorporates new regional offices for Discovery. Outstanding contemporary design by award-winning dhk Architects celebrates a high-visibility site on Century City's Sable Road, which offers uninterrupted Table Mountain and city views. Sable Park is a rare opportunity to move your business to a precinct that's buzzing with energy, hospitality and a plethora of retail and lifestyle amenities your staff will love. Sable Park is also in easy walking distance from convenience shopping and the Canal Walk shopping centre as well as public transport with a MyCiTi bus stop right outside and both the Century City Public Transport interchange and the Century City Station close by. All these features make it in high demand with companies which have their staff's best interest in mind.

Sable corner, Ratanga Road, Century City

Commercial
Size: 7,000 m²
Completion: Mid 2020
Sable Corner, which will boast a spectacular all-glass façade will offer five levels of offices, with two levels of basement parking. The bottom four office floor plates will each offer 1500 sm² of prime space with the top floor of around 750 m² allowing for a potential extensive outdoor corporate entertainment patio. Construction is expected to get underway in the first quarter of 2019 with completion set for end 2020. This office forms part of the existing development currently underway along Ratanga Road in Century City

Brackengate 2

Industrial
Size: 21,000 m²
Completion: June 2019
Brackengate 2 is a large industrial site, cleared and ready for construction to begin. Bulk services, including the internal road network have already been installed on the site. The impressive gatehouse is nearing completion and the site is being secured with electrified perimeter fencing. The site features large, well-landscaped open public spaces and is perfect for the development of customized light industrial and manufacturing plants, warehousing, logistics and cold-storage centres, as well as a lifestyle and home improvement precinct. Brackengate 2 is a model contemporary business and light industrial office park, designed according the latest urban planning and architectural principles to achieve maximum efficiency, security and comfort. Spacious open areas, well-designed road networks and plenty of parking will make Brackengate 2 a uniquely pleasant place to work, increasing your ability to attract and retain the best staff. To ensure the peace of mind of its occupants, Brackengate 2 boasts advanced security features - including a 24-hour manned gatehouse, constantly-monitored CCTV cameras on the roads and boundaries, and electric fencing around the entire perimeter. Situated along the R300 freeway, Brackengate 2 is viewed as one of the most valuable industrial nodes in the Western Cape, and is packed with potential. The bulk services and infrastructure development on the mainland precinct are complete, and approximately 21 000sqm big-box developments are underway. In addition, we are finalizing agreements to develop a new Planet Fitness facility of approximately 3 344sqm. Other projects under review include a DIY lifestyle retail centre to serve the growing group of higher LSM shoppers in the area. The unique design and layout of the park allows for diversification of space usage, which will be more convenient for the tenants and their customers.

Frazzitta Westcoast - Business Park @ Rivergate

Phase 2: Mid 2019
Frazzitta Business Park Westcoast continues to embody Frazzitta Property Holdings commitment to quality and functional design, and solid construction. Based in the fastest growing region on the Western Cape, Frazzitta Business Park is designed to cater for this expansion and the desire of our tenants to live, work and play in the same suburb. Phase one completed in 2017 has been fully let out. Phase two is currently under construction and the estimated date of completion is November 2018. Phase three is set to begin early 2019. The Park is a mix between Triple Grade offices and warehouse space.

https://www.capespace.co.za/

https://www.capespace.co.za/commercial-property-to-rent-century-city/

https://www.capespace.co.za/office-space-cape-town-cbd/

https://www.capespace.co.za/office-space-cape-town-cbd/

https://www.capespace.co.za/warehouse-to-rent-montague-gardens/

https://www.capespace.co.za/northern-suburbs/

Bellville Industrial Park, Bellville South, Cape Town

25,000 m²
Various Phases
Completion: Early 2019
With industrial land in short supply in Cape Town, Bellville Industrial Park is well positioned with easy access to both the N1 and N2 freeways via the R300. The park is able to accommodate a wide range of industrial users and offers convenient access and distribution options outside the heavily congested zones such as Epping Industria and Montague Gardens. Bellville Industrial Park is located in close proximity to Stikland and Brackengate. The last vacant parcels of land on either side have recently been acquired by Growthpoint and Redefine. The 80,000m2 recently developed Mega Park complex is situated to the west of Bellville Industrial Park. Bellville Industrial Park is ideally located to service the greater Cape Town area while also taking advantage of the future expansion of Cape Town. Robert Sobukwe Road (Ex Modderdam Rd) links the Park directly with Cape Town International Airport. Being positioning alongside the R300 allows for easy access to both the N1 and N2 highways. Phase 1 comprises of 9 hectares of serviced industrial sites, ranging from 5 000m2 to 50 000m2. Architectural guidelines ensure that all the buildings in the park will have a professional and investment grade appearance.

  • Cape Town, Western Cape, South Africa

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