Top Industrial and Commercial Areas in Gauteng, Durban, Cape Town, and Port Elizabeth
Category Industrial Property News
The industrial and commercial property sector is booming throughout South Africa! According to Mordor Intelligence, market intelligence and advisory firm, "The South Africa Commercial Real Estate Market size is expected to grow from USD 8.68 billion in 2023 to USD 14.52 billion by 2028."
Let's take a look at some of the prime areas in the main metropolitan areas in South Africa for commercial property:
Gauteng
North Riding
Situated in Randburg, Gauteng, North Riding stands as a thriving industrial hub. One of its most prominent developments is Northlands, strategically located on Malibongwe Drive, providing exceptional visibility and convenient access to both the N14 and N1 highways.
Key roadways that are integral to the North Riding area's connectivity include Bellairs Drive, Blandford Road, Derby Drive, Hyperion Drive, and Pritchard Drive.
The Northlands development is poised to be one of the largest in the North Riding vicinity, created in response to the growing demand for industrial and commercial spaces in this expanding region.
To browse properties in North Riding, click here.
Boksburg
Boksburg, a renowned mining and industrial hub, continues to uphold its reputation as a prime destination for industrial property in Gauteng. The area boasts an abundance of warehouse spaces, making it an ideal choice for business owners seeking facilities in close proximity to O.R. Tambo International Airport. With its longstanding status as an industrial centre, Boksburg offers well-equipped warehouses and industrial spaces to meet the needs of businesses.
To browse properties in Boksburg, click here.
Centurion
Located just over 23 km from Tshwane's central business district, Centurion stands as a highly regarded industrial hub in Gauteng. Its popularity is poised to soar even higher with the development of the Centurion Aerospace Village (CAV). The CAV represents an Industrial Park initiative by the Department of Trade, Industry, and Competition, with the primary objective of fostering the growth and advancement of the aerospace, defence, and advanced manufacturing sectors in South Africa.
Centurion also boasts the convenience of a Gautrain station at Die Hoewes, seamlessly connecting commuters to both Pretoria and Johannesburg.
To browse properties in Centurion, click here.
Durban
eThekwini
The eThekwini metropolitan area in Durban is undergoing a transformation, courtesy of Investec Property's latest venture, The Brickworks. This industrial hub is adjacent to the Port of Durban, a primary gateway for imports and exports across Southern Africa.
What enhances the appeal of this industrial hub even further is its nearness to King Shaka International Airport and its seamless integration with The Go Durban public transport network.
Ballito
Ballito, a coveted coastal destination, has held its reputation as prime real estate for quite some time. Presently, the region is experiencing a surge in development, courtesy of Odyssey Ballito, a versatile mixed-use project. Located just a 30-minute drive from Ballito, Umhlanga, another bustling Durban hub, adds to the appeal of this area.
Recent road enhancements have further elevated the accessibility of Ballito. The entrance to Ballito from the N2 highway has undergone substantial improvements, featuring a multi-level interchange designed to alleviate traffic congestion. These upgrades also encompass the expansion of Ballito Drive to four lanes and the establishment of proper pedestrian walkways.
To browse properties in Durban, click here.
Cape Town
Milnerton
As part of a broader initiative to reduce congestion and alleviate the influx of commuters to the city centre for work, we've seen the emergence of commercial and industrial hubs across the province, including the thriving Milnerton area.
Within the suburb of Richwood, you'll find the development of warehouse spaces within Richmond Park, complemented by significant road infrastructure enhancements designed to accommodate an increasing number of businesses and residents. To further bolster this area's connectivity, Fiber Optic infrastructure has been seamlessly integrated. Notably, it enjoys prime visibility along the N7 and offers convenient access to major highways.
Milnerton also has a large number of developed business parks and industrial hubs, including Killary Gardens, River Gate, and Montague Gardens.
To browse properties in Milnerton, click here.
Somerset West
Deep in the Northern Suburbs of Cape Town, Somerset West has seen tremendous growth in the residential as well as industrial property industries. In fact, according to City Facts, Somerset West has seen a population growth of 42.6% from 2000 to 2015.
Business parks in secure complexes and in close proximity to the N2 - the major highway in the area - further make this suburb stand out for industrial and commercial operations.
To browse properties in Somerset West, click here.
Port Elizabeth
Port Elizabeth experienced a significant economic upswing with the establishment of the Coega Special Economic Zone. According to Stats SA's 2021 data, investors in the Coega Special Economic Zone (SEZ) generated an impressive income of R14.3 billion. Notably, this income reflected an annualised increase of 9.0% compared to the figures reported in the 2018 survey, which stood at R11.0 billion.
The strategic port location of this 9,003-hectare zone plays a pivotal role in contributing to the region's economic growth.
Markman
This industrial zone presents an exceptional investment opportunity, primarily owing to its superb connectivity with major transportation routes. Its strategic positioning in close proximity to the N2 highway and Coega offers seamless access to both regional and national transportation networks. Markman stands as a firmly established industrial area within Port Elizabeth, specifically zoned for heavy industrial purposes. As a result, it has been developed to facilitate the smooth movement of trucks and large machinery.
To browse properties in Port Elizabeth, click here.
These are just a few of the top industrial hubs scattered around the country. Contact our brokers to find out more about investment and rental opportunities.
Author: API Property Group
