Property Market still on the rise in Rivonia
Category Commercial Property News
The property market in Rivonia is on the rise this is according to an article published on - property24.com. Despite other economic areas performing poorly in other areas around South Africa. The Rivonia property market is bearing fruits and it would seem it’s a great time to invest in commercial property where Rivonia is becoming hot property for potential investors.
“Rivonia is one of a handful of suburbs in South Africa which has proven largely resilient in the face of economic downturns and able to weather the storm with quiet and consistent endurance, largely because when people move into the area they tend to stay.” - www.property24.com.
The article was written in 2016, however, this stated “loyalty” has seemed to carry over into 2018, most notably in the commercial property market. This is according to OfficePlace a clear leader in the commercial property market around South Africa who have 50 listed properties available for rent in the Rivonia area of Johannesburg. They have sighted Rivonia as a leading area for so many reasons and believe due to its sheer volume of properties available on the market it’s a clear winner.
“Rivonia has so much on offer and that is why we have highlighted the location as one of the leading commercial areas in Johannesburg, what’s great about Rivonia and sets it apart from other residential areas nearby is its diversity in property which range from old-style houses to modern highly developed office blocks” – Ben Hatchwell principle and director for the Gauteng area of OfficePlace a leading commercial property brokerage in the area.
This has not changed the fact that many businesses within various sectors locally have struggled however according to an article published on www.sacommercialpropnews.co.za as much as 32% of available retail property in South Africa is largely made up of commercial developments in the office space market. The market does have certain challenges and the article also stated how many potential tenants are also discerning about renting and are looking for higher quality office space from bigger brands where the demand is still very high. “At the top end, we are still seeing demand from top South African companies and multinationals” –sacommericalpropnews.co.za.
Rivonia is also a historically significant area due to the role it played in the struggle history of South Africa, and it was the location where the late former president of the country Nelson Mandela, gathered to conduct meetings before he was imprisoned on Robben Island, in Cape Town, Western Cape. Today one can visit the farm in Rivonia Liliesleaf Farm. Today one can visit this location and it serves the community as a museum.
Top international companies have made the area home including popular computer brand Hewlett-Packard who have their main South and Southern African branch in Rivonia. Another leader in computer technologies Fujitsu also has their central South African offices in Rivonia. This is a clear indication that Rivonia is all about high-end business and high-end technology, making it ideal for anyone looking for a sophisticated and centrally located destination for leaders in business and commerce.
Rivionia has history and affluence and its residents have pride in the area, that is why it’s a great place in which to invest in commercial property, there really is so much to the location hence so many are choosing Rivionia for their next commercial business. Get in contact today with an OfficePlace broker and start your new venture at one of Johannesburg’s most centrally located areas.
Author: OfficePlace Commercial Property Brokerage
