Province : Gauteng

Area : Morningside

Area Description

Being one of Johannesburg’s most conveniently located suburbs, commercial real estate in Morningside is a highly sought after commodity. A short drive away from the Sandton CBD and straddling both sides of Rivonia Road, this affluent suburb is highly connected to all major highways as well as most of Africa’s major corporate headquarters.

Rental Rates

Morningside’s small size in comparison to other commercial nodes, provides property hunters with a very limited array of real estate to choose from. The affluent feel of the suburb coupled with its second to none convenient location, means prospective tenants should be willing to pay top dollar for a high end, spacious office space. With landlords asking rental rates of up to R200 000 per month for large GLA’s, Morningside attracts a very high end cliental in the corporate space. There are however a few smaller commercial options to choose from which are priced at slightly more affordable rates but these options are limited and do not often appear on the market. Currently offering under 60 vacancies, Morningside is highly exclusive and difficult to beat in the realm of commercial real estate.

Identified Offerings

Morningside Park is an office park consisting of A grade office spaces with incredibly easy access to everything Sandton has to offer. Owned and managed by the acclaimed Growth Point Properties and offering a total of 1008mof office space, there are plenty of rental options for the prospective tenant. Situated in the heart of Morningside’s commercial precinct and neighbours with the newly developed Wedge Shopping Centre, the park is perfect for those looking to work in a well situated location in and amongst the bustling feel of outer Sandton. 

Shopping Centres

Morningside may be a small suburb, however, it is home to number of affluent shopping centres. Morningside Shopping Centre, which is just a stones throw away from Sandton Central,  is home to a number of high-end boutique stores and restaurants. Tasha’s is a trendy breakfast and lunch spot frequented by a large number of corporate employees from the area. Scotch & Soda, the high-end fashion retailer, has a store in the Morningside Shopping Centre. The Wedge Shopping Centre, located at the summit of the bustling Rivonia Road, the centre is well placed to cater for every shopping requirement. With ample secure parking, there are over 35 stores including chain stores, boutiques, restaurants and services to choose from. The Wedge is perfectly located with a strong emphasis on convenience and sophisticated lifestyle, all within 5 minutes from the business hub of Sandton Central.