Renting offices premises in security office parks is not necessarily more expensive
than standalone offices. In fact, tenants could save as much as 10% on their
rentals due to “critical mass savings on security costs”.
This is according to Org Geldenhuys, managing director of property
management and development company, Abacus DIVISIONS. “There is often
a mistaken consensus that there is a premium charge to renting in a secure
office park. But this is not necessarily the case. Often renting in a standalone
building can actually be more expensive because of the levels of crime in South Africa.
Often tenants have to fork out significant amounts, including armed response,
to safeguard standalone premises. This could amount to R12 or more per square
metre – which is a significant amount in addition to monthly rental payable.
“In a secure office park you have more companies paying towards
security, thereby creating a certain
amount of critical mass. The net effect of this is that tenants in secure
office parks will pay approximately R2 per square metre for security, compared
to R12,ormore, for a building in a standalone area. This can, in effect, bring
total rental payable down by as much as 10%of a tenant’s monthly bill –
meaning that tenants are not only saving money, but are able to stay in more modern, secure, and
aesthetically pleasing office parks.
“By making savings of up to 10%, companies could also use this money
for other expenses, including expanding the business by employing