Frequently Asked Questions
A common area
A tenant installation allowance (TI)
A parking ratio
The number of parking bays allocated to a tenant to rent depending on the square meterage he will be occupying.
Parking rentals do not carry operational costs but do have annual escalations.
A renewal period
The difference between the different grades of commercial property
A+ grade: Buildings are generally not older than 5 years, have 24 hour security, prime location, air conditioning, lifts and good quality finishes.
A grade: Buildings that are 5 to 20 years old, modern and possibly renovated, 24 hour security, good location, lifts, air conditioning and parking on the premises.
B grade: Buildings that are generally 25 years or older, not renovated, no air conditioning, lift, parking or security.
Office parks: have become very popular in some areas around the Western Cape. They are modern, offer good security, parking and in many instances have access to gyms and coffee shops.