The resurgence of businesses returning to physical office spaces has sparked a notable surge in demand for premium office buildings.
In today’s market, office structures offering more than just physical space are in high demand. These buildings have evolved to cater to the needs of occupants, providing not only workspace but also a range of amenities within the surrounding areas.
While in some parts of the country, office vacancies remain high, with little uptake, demand for office space, particularly premium buildings in Cape Town, are on the rise.
“The Rubik sectional title offices nearing completion come at a time when premium buildings are back in demand buoyed by low vacancies in Cape Town,” says Charles Norris, sales manager at Abland Property Developers.
Norris further elaborates that The Rubik presents an ideal opportunity for businesses seeking to acquire or lease new premium offices, boasting a prestigious corporate address in a central location with world-class facilities.
Situated at the intersection of Loop Street and Riebeek Street, these offices enjoy proximity to key landmarks such as the Cape Town International Airport, the Cape Town International Convention Centre (CTICC), the V&A Waterfront, MyCiti Bus Stops, the financial hub, and various amenities.
“As investor sentiment strengthens, there’s a growing appetite in the market to acquire or lease new office assets, especially premium buildings and we believe The Rubik’s entry into the market is well-timed.”
Green building initiatives
The Rubik’s offices are designed with green elements aimed at enhancing operational efficiencies and reducing occupier costs. These include an air conditioning system tailored to minimize electrical consumption, energy-efficient lighting fixtures, and a low-energy water heating system. The design maximizes natural daylight to reduce the need for artificial lighting, while backup water and power systems are in place, alongside provisions for bicycle storage.
Moreover, the building offers high-speed internet connectivity, cutting-edge security, access systems, secure basement parking and it is currently in a no-load shedding zone. Separate entrance lobbies cater to office occupiers and residential tenants alike.
The demand for quality
Globally, as more businesses return to the office, premium building vacancies are falling, demand is strengthening, and leasing volumes are rising.
“Premium office buildings such at The Rubik with back-up power and water systems will continue to experience demand,” he says.
Norris says functioning infrastructure and less severe load shedding periods make Cape Town an attractive investment destination. This should boost The Rubik located in the Central Business District (CBD) which continues to benefit from investor confidence levels.
“The demand for quality office buildings will continue to characterise the office property market in 2024 as occupiers seek premises that suit their business needs.”
To enquire directly about The Rubik’s premium office space:
Charles Norris (charles.norris@abland.co.za / 071 419 0200)
Ton Veen (ton.veen@abland.co.za / 082 445 1319)
