Commercial and Industrial Property to Rent

Commercial and Industrial Property to Rent

We have been helping businesses to find their perfect space in Johannesburg since 2007. Our team of property professionals are ready to find your perfect space. We have a longstanding relationship with the top property funds and property management companies in the country. We feature properties from the city’s most exclusive, vibrant and desirable commercial locations, we offer a premium property portfolio that showcases the very best Commercial Property available. We do it independently and delivered at no-cost to you, our clients, our service assists hundreds of businesses like yours each month to search, select and secure the right office and warehouse solution for their business. Delivered as part of a fully consultative service, our team can streamline the property search process from beginning to end. Moving to a new office or just revamping your current space, we will get you up to three independent quotations, saving you time and money. Find out more about Office Renovations, Space Planning and Interior Fit-outs.

Commercial and Industrial Property to Rent

Commercial and Industrial Property to Rent

Commercial Property refers to real estate property that is used for business activities. Commercial property usually refers to buildings that house businesses, but it can also refer to land that is intended to generate a profit, as well as larger residential rental properties. The designation of a property as a commercial property has implications on the financing of the building, the tax treatment, and the laws that apply to it. Breaking Down Commercial Property. Commercial property includes malls, grocery stores, office buildings, manufacturing shops, and much more. The performance of commercial property, including sales prices, new building rates, and occupancy rates, is often used as a measure for business activity in a given region or economy. For the United States as a whole, Moody’s provides the Moody’s/RCA Commercial Property Price Indices (CPPI), which measures the price changes in commercial real estate across the country.

Commercial and Industrial Property to Rent

Commercial and Industrial Property to Rent

The term commercial property (also called commercial real estate, investment or income property) refers to buildings or land intended to generate a profit, either from capital gain or rental income.[1] Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land, warehouses, and garages. In many states, residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes. Commercial buildings are buildings that are used for commercial purposes, and include office buildings, warehouses, and retail buildings (e.g. convenience stores, ‘big box’ stores, and shopping malls). In urban locations, a commercial building may combine functions, such as offices on levels 2-10, with retail on floor 1. When space allocated to multiple functions is significant, these buildings can be called multi-use. Local authorities commonly maintain strict regulations on commercial zoning, and have the authority to designate any zoned area as such; a business must be located in a commercial area or area zoned at least partially for commerce.

Commercial and Industrial Property to Rent

Commercial and Industrial Property to Rent

Industrial Property means land improvements, buildings, structures, and other real property, and machinery, equipment, furniture, and fixtures or any part or accessory whether completed or in the process of construction comprising an integrated whole, the primary pur- pose and use of which is the engaging in a high-technology activity, operation of a strategic response center, operation of a motorsports entertainment complex, operation of a logistical optimization center, operation of qualified commercial activity, the manufacture of goods or materials, creation or synthesis of biodiesel fuel, or the processing of goods and materials by physical or chemical change; property acquired, constructed, altered, or installed due to the passage of proposal A in 1976; the operation of a hydro-electric dam by a private company other than a public utility; or agricultural processing facilities. Industrial property includes facilities related to a manufacturing operation under the same ownership, including, but not limited to, office, engineering, research and development, warehousing, or parts distribu- tion facilities. Industrial property also includes research and development laboratories of companies other than those companies that manufacture the products developed from their research activities and research development laboratories of a manufacturing company that are unrelated to the products of the company.