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Property Demand Surges in Gauteng
| News by Matthew Wood
The new Gautrain service, which runs from Johannesburg to Sandton, is already affecting the property trends of the surrounding areas as more and more commercial space is sought after, a trend which is especially evident in the immediate vicinity of the Sandton and Rosebank stations.Passengers using the Gautrain service are likely to experience an even better journey as more and more commercial space is being snatched up in areas near the stations, enabling commuters to purchase goods between destinations.
Since the introduction of a quick and reliable mode of transportation into these areas, property companies have seen a surge in the demand for commercial property as buyers try to capitalise on the emergent goldmine in an ideal location near hotels, shops and houses.
Prospective tenants have also shown a large interest in 'green' buildings, indicating an increased awareness of the importance of energy conservation and sustainability, as well as enabling their companies to reap the long-term benefits that 'green' buildings have to offer.
Additional benefits to relocating a business to an area near a Gautrain station include reduced travelling time - as the Gautrain eliminates bumper-to-bumper traffic – as well as potential savings on high CBD parking fees.
Source: www.bizpremises.co.za
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