Bryanston dubbed "Silicon Valley" of South Africa
Category Commercial Property News
Bryanston is currently deemed to be hot property and those who decided to invest in the area a few years prior are now reaping the rewards. This is according to an article published on Business Tech.
“In Bryanston, the average sectional title property would cost you R1.2 million while the average freehold property R4.5 million in 2016, but in 2007 you could pick up the sectional title for only R830,000 and freehold for just short of R3 million” – businesstech.co.za
Urban decay is a major issue in various neglected spaces around South Africa, however, certain property companies have stepped up to gentrify areas in the greater Johannesburg region which in turn has been the catalyst for a spike in commercial and residential property as consumer and investment interest grows.
One such investment was the Maboneng Precinct which was seen to spearhead the urban renewal initiatives around Johannesburg. “A creative take on history, architecture, art, and nature, as well as a place for people to proudly call home, Maboneng is the epicentre of the Joburg inner-city renaissance”. - http://www.mabonengprecinct.com/
“With various investors and property companies taking it upon themselves to gentrify certain areas around Johannesburg, it’s only had positive spin-offs for slightly more established residential and commercial areas like Bryanston” – States Bronwyn Cox a broker for the Bryanston area from OfficePlace group.
OfficePlace has roughly 120 listings for commercial properties to let in the Bryanston area which is a clear indication of the growth this zone is experiencing especially within the commercial property market.
Dimension Data (DiData), operates a formidable business park in the area called (The Campus) and leading companies and brands have made this particular area their home including GlaxoSmithKline, Facebook, Microsoft Corporation, Ogilvy & Mather, Tiger Brands, and Ipsos. This is another indication of the affluence and interest surrounding this area.
According to an article published on www.eprop.co.za with some of the world’s biggest technology-based companies making Bryanston its home in the area, it could very well be becoming South Africa’s very own version of “Silicon Valley”. “Bryanston is also rapidly becoming Africa’s own Silicon Valley due to the many leading technology and communications companies operating in the node” - www.eprop.co.za
The article also stated that many businesses and residents are choosing Bryanston for its sheer convenience. The Bryanston area has stress free accessibility to the N1 highway and is located within close proximity to the Lanseria International Airport. All of these factors are highly attractive for residents of Johannesburg as traffic congestion is a huge problem within the main urban areas, especially as commercial and residential interests, grows. This is why Bryanston is becoming increasingly attractive for commercial investment primarily for its geographical positioning.
Bryanston is also well connected via both the Guatrain bus and train service and is well linked via other modes of transport in the area. This is also another reason why the area is growing in terms of popularity with regards to commercial property. The fact that Bryanston also boasts a world of shopping, restaurants and entertainment areas are also making investors turn their heads to catch a glimpse of what this leading suburban and commercial area has to offer. It’s also one of the more picturesque areas in the greater Johannesburg expanse and this is naturally luring commercial developers or residents from other neighbouring suburbs.
With so many reasons to invest in this desirable Gauteng suburban and commercial area why not make Bryanston your new premises for offices. OfficePlace really has the best options available on the market, with their extensive range of office retail space for rent, why not contact a broker today and make your commercial office space dreams a reality.
Author: OfficePlace Commercial Property Brokerage
