Randburg's Bustling Business Environment
Category Industrial News
Randburg's flourishing commercial and industrial sectors are situated amid architecturally designed homes and opulent estates. Here, you can find growing businesses and large corporations such as the Wesbank Head Office, FNB Campus, Africa Limousine Logistics and Marking Engineering.
Businesses operating in Randburg have easy access to the N1 and M1 highways, which easily connects them to the surrounding suburbs, as well as further afield across the city and province. It is also served by two main roads, namely, Malibongwe Drive and Beyers Naude Drive. Malibongwe Drive forms part of the R512 Route and connects Randburg with the Lanseria International Airport. While Beyers Naude Drive links the town with Roodepoort and Johannesburg CBD.
Key points of interest
The OR Tambo International Airport is 33km away from the town. This is a great benefit for business people as this allows them to easily travel to meetings outside the province. And for importing, exporting, and logistics companies, cargo can be delivered or picked up without having to travel long distances. Other key points of interest include the Johannesburg CBD, which lies 11km away (southeast) and Pretoria (64 kilometres to the north).
Public transport options
For those who use public transport to travel to and from work, the town caters for this in a number of ways. Those who prefer conventional public transport there's Metrobus and minibus taxis. There are also newer forms of transport that have recently come to the fore including Rea Vaya rapid transport buses and Gautrain buses which provide access to the Gautrain - these travel via Randburg's Republic Road.
Randburg offers a wide variety of rental properties in the retail sector due to the number of large and medium-sized malls dotted around the various suburbs. From Cresta Shopping Centre, Randburg Square, and Randridge Mall to Randview Shopping Centre, Ferndale On Republic, and Boskruin Village Shopping Centre - the list goes on! In addition to this, there are numerous office and multi-use buildings with retail space on the ground level.
The number of business parks in Randburg is ever-expanding, with popular options such as Cresta Junction, Stonemill Office Park, Northlands Business Park, Bond Street Business Park and Strijdom Business Park.
According to the latest reports, the majority of office stock is B-grade (263 206sqm), followed by A-grade (96 229sqm), P-grade (47 000sqm) and C-grade (25 240sqm). The market is also experiencing reduced vacancy rates and limited stock across all property grades due to the demand for office space being at an all-time high. As a result, the development pipeline is expanding and within the next five years, we can expect to see new developments booming to meet the ever-growing demand.
If you're looking for industrial properties in Randburg, there are a number of secure and modern industrial parks dotted around the various suburbs, most of which lie to the north of the residential areas. Notable industrial suburbs are Strijdompark, Kya Sands, Randpark Ridge, North Riding, Olivedale and Lanseria. The majority of stock are big warehouses situated in access control parks, featuring reception areas, ample power supply, high roller shutter doors, and shaded parking bays.
Check out this new warehouse in Northriding, complete with 24-hour security and energy-efficient designs.
Author: 3CUBE Property Solutions