In this high risk article we try provide guidance on those industry advances expected in Africa in 2020. (We also “mark our homework” on our bets for 2019). We hope that you, as reader, gain strategic advantage in our attempts at commercial real estate industry “crystal balling”!
“In God we trust, all others bring data”
The high density Rosebank node – along with Sandton and Randburg – can be regarded as one of the “new” CBDs of Johannesburg. Rosebank is serviced by the Gautrain on its eastern border, and located in between the north-to-south road arterials of Jan Smuts Ave and Oxford Road (becoming Rivonia Road further north).
Rosebank is surrounded by high end residential suburbs: Saxonwold, Houghton Estate, Melrose and Melrose Estate, Dunkeld and Dunkeld West, Parktown North and Parkwood.
Rosebank as an office node is currently seeing one of the highest high density residential developments rates in the country. Whether through residential new builds, or apartment recycles, or office-to-resi conversions, its office workers are being serviced with options for a great address in a (generally) small home.