By-laws around Pretoria and how they affect the commercial property market
Category Commercial Property News
Pretoria is the administrative capital of South Africa and that has meant that certain areas and buildings are deemed to be highly favourable in this part of South Africa. Bylaws are put in place to protect such areas. This credence has halted certain development where neighbouring Johannesburg's industrial and commercial property market has skyrocketed.
However, as South Africa develops and changes so is this particular South African city. Mayor of the city Solly Msimanga has seen the urgent need for development in able to create much needed commercial and residential nodes so the city can become more livable for everyone for all concerned as travel time to and from certain urban areas is still an issue.
“One of the by-laws in contention prohibits the building of skyscrapers in the space between the Union Buildings and Voortrekker Monument. This by-law was not in keeping with the vision of a modern city, which should provide housing for people travelling long distances to work, the mayor said”. - www.iol.co.za
This shows that there is a deep-seated need for urban development in Pretoria to ensure that there is much needed job creation. In turn one needs to ensure that adequate housing is provided for people who work within the jurisdiction of Tshwane municipality. Leading property commercial property brokerage OfficePlace has a vested interest on all the commercial epicenters of the country and Pretoria and Lynwood are no exception. The highly favourable company has 20 listed commercial properties for rental in the Lynwood area and believe that this particular location in Pretoria is great for any type of commercial development. Due to certain bylaws aforementioned, Lynwood’s office park culture is slightly different to that of Johannesburg and many of the offices are slightly newer and more modern than expected as areas that are well established within the office park market have a more diverse spectrum of availability when it comes to which office park or development is more suitable or desired. This doesn’t mean that Lynwood Pretoria doesn’t have great and affordable options for anyone looking for new premises for business. Lynnwood in Pretoria has a slightly newer sleeker approach to office space, however still retains a few areas which have opted to turn houses into office space largely due to bylaws which prohibit the building of skyscrappers in certain areas due to its proximity to heritage sites and buildings.
“We want now to ensure that we dispose of prohibitive by-laws and policies. One by-law is that you cannot build anything that is obstructing the view of the Union Buildings to the Voortrekker Monument,” he said. - Solly Msimanga taken from an article published off www.iol.co.za.
There are many reasons why many people feel that it's pivotally important to protect heritage sites and buildings. However, the argument by the mayor of Pretoria is that job creation is extremely important as well as providing more housing so the quality of average South Africans can become a priority as South African is still very much a divided country where, there are some of the largest disparities on the planet between rich and poor. According to well known UK publication, The Guardian South Africa is still one of the worst coming in as one of the countries within the largest gaps between rich and poor alongside other countries such as Namibia, Ukraine, and Haiti. This is why political figures such as Mayor Solly Msimanga thinks dropping old by-laws such as the ones in Pretoria around building new structures for commercial and residential development are important.
It would seem that this is the right time to invest in Lynnwood, Pretoria. Get in contact with an OfficePlace broker and start your next commercial operation from this highly regarded suburb.
Author: OfficePlace Commercial Property Brokerage
