uMhlanga Continues to Expand as a Popular Commercial Property Destination
Once comprising only sugarcane fields, the resort town of uMhlanga has become a thriving epicentre of trade and wealth. Synonymous with exclusivity, this node is fast becoming a booming destination with many blue-chip tenants relocating their businesses to the prime commercial real estate options that can be found here.
Another draw card for commercial tenants is the approaching completion of the N2 / M41 interchange that will drastically improve the traffic flow in the area and increase the accessibility of areas such as Cornubia and Mount Edgecombe. Additionally, the proposed GO! Durban terminal in New Town, which is set to provide a more affordable and reliable transport for tenants and their employees who reside in surrounding areas – will further attract businesses to uMhlanga.
According to Strathmore Commercial Industrial Properties’ area specialist Andrew Neal, “uMhlanga is showing once again that it is the location of choice, for premium office and retail space. The new Cornubia Mall, expansion at Gateway Theatre of Shopping, residential developments across all income brackets and the ongoing construction of P and AAA Grade office space shows that the demand for convenient and upper class live, work and play areas remains strong.”
Rising Demand Brings About Commercial Development
Meeting the demand, several new developments are currently making headway. According to Andrew there is currently a major development drive in uMhlanga. “New Town has the R 1.2 billion Nedbank Park Square development and a number of smaller buildings in various stages of expansion, as well as new builds. Ridgeside is also a very exciting area with as many as five large mixed-use and office specific buildings that are already under construction, - creating a luxurious and trendy lifestyle for residents and business tenants alike.”
Commenting on the popularity of commercial property in uMhlanga, Andrew notes that, “recently, the demand has been more for small to medium sized office space throughout the greater uMhlanga area. Both large funds and smaller landlords’ offerings have been in demand. Tenants are price sensitive and are looking for value for money but are willing to pay premium prices for great office space in secure, well maintained and conveniently located office parks.”
Another interesting trend that has emerged in the commercial property arena is the number of building owners and private landlords, who insist that their new buildings are Green Rated in the design and construction methods used.
Listed on Strathmore’s website is a 244m² office space to let in the heart of uMhlanga’s New Town, at R160 per m². The Green Rated building provides tenants with excellent security features as well as easy access to the N2, M4, Gateway and all local amenities. This prestigious address is the ideal property for corporate tenants looking for well-located office space.
Strathmore Commercial Industrial Property boasts a wide range of prime office space available in the coveted commercial node of uMhlanga. For those seeking secure, business accommodation at competitive prices, contact our team of area specialists and property professionals today.