“Corporate rental demand is so firm that if I had 15 prime Sandton cluster homes in my portfolio right now they would quickly find top quality tenants – each at around R45 000 a month.”
That is how specialist corporate rental consultant Tamara Markman describes the underlying strength of the upper end of the residential rental market in Johannesburg’s Northern Suburbs – particularly Sandton.
After running her own top line home rental enterprise for many years, Tamara now heads the newly-created corporate and private property rental division of Ennik Estates – the Christie’s International affiliate in Gauteng.
“We are pleased to have Tamara leading our venture into prestige home rentals, which is a synergistic element of a new growth phase that Ennik Estates has entered,” says founder and CEO Ronald Ennik.
“Tamara brings a depth of experience and skill in her professional field, along with a blue-chip and long-standing client portfolio,” he adds.
“At Ennik Estates, my focus remains on high net worth individuals and on corporate executive relocation,” says Tamara.
“International enterprises based in the USA, UK, France, Germany and Italy are the most active on the relocation front – particularly banks and other financial service providers, as well as companies involved in resources; telecoms; airlines; and construction.
“At the top end, these organisations will pay rentals of up to R80 000 a month for a fully secure, high quality, flawlessly maintained home in areas such as Hyde Park and Sandhurst – and 60 per cent of their business comes to me by referral,” says Tamara.
Location is often dictated by proximity to international schools. Examples are Morningside (French School) and Westcliff (German School), she concludes.