Johannesburg
SAPOA*
Space Measurement Standard
Space Unit of Measure
ZAR
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Financial Data Currency
Yes
Transfer Taxes
Notes:
*SAPOA - South African Property Owners AssociationOffice Occupier Market Condition
Occupier Market Conditions – How conducive is the regulatory environment to starting and operating a business. Source: Colliers
Labor Cost – Wages for skilled office workers. Source: City Globe and Colliers
Tenant Favorable – Assessment of the real estate market condition for office space. Source: Colliers
Typical Loss Factor
GLA to Usable between 10 to 20%From rentable to useable square meters
Loss Factor Notes:
*Common area factorLandlord Concessions
Fit-Out Concession
Amount of Fit-Out Concession
R250/sm-R850/smTypical range of fit-out contribution.
Rent-Free Period
Standard Range of Rent-Free Months
1mo.-2mo.Typical number of rent-free months.
Rent-Free Period Notes:
Deal dependentPayment of Fees/Commissions
Lease Provisions
Lease Term
3yrs.-5yrs.Typical lease term in years.
Operating Expenses & Service Charges Included
Additional Charges
R17.25/sm-R52/smEstimated range for all additional charges per Square Meters.
Additional Charges:
Lease Fundamentals: The following apply to both office and industrial leases.
Lease Execution Requirements:
Negotiated Subletting/Assignment
Landlord Consent: Typically, the landlord's written consent IS still required.
Statutory Subletting/Assignment
Landlord Consent: The Landlord's consent is still required.
Blend & Extend Strategies
Statutory Early Termination
Negotiated Early Termination
Early Termination Notes:
Not standard in lease.Typical cost: if negotiated in lease, exit fee is typically equal to pro rata professional fees and tenant installation allowance
Workplace
Regional Office Space
9sm-25smTypical Square Meters per employee (includes office square footage for employees and contractors).
Regional HQ Office Space
9sm-18smTypical Square Meters per employee (includes office square footage for employees and contractors).
Desk Sharing
Desk Sharing Average
1Average headcount per workstation.
Desk Sharing Notes:
Not common, but it is increasingly applied.Industrial Occupier Market Condition
Occupier Market Conditions – How conducive is the regulatory environment to starting and operating a business. Source: Colliers
Labor Cost – Wages for manuafacturing and warehouse/distribution office workers. Source: City Globe and Colliers
Tenant Favorable – Assessment of the real estate market condition for industrial space. Source: Colliers
Landlord Concessions
Fit-Out Concession
Amount of Fit-Out Concession
R250/sm-R500/smTypical range of fit-out contribution.
Rent-Free Period
Standard Range of Rent-Free Months
1.7mo.-3mo.Typical number of rent-free months.
Payment of Fees/Commissions
Lease Provisions
Lease Term
3yrs.-10yrs.Typical lease term in years.
Operating Expenses & Service Charges Included
Additional Charges:
Lease Fundamentals: The following apply to both office and industrial leases.
Lease Execution Requirements:
Negotiated Subletting/Assignment
Landlord Consent: Typically, the landlord's written consent IS still required.
Statutory Subletting/Assignment
Landlord Consent: The Landlord's consent is still required.
Blend & Extend Strategies
Statutory Early Termination
Negotiated Early Termination
Early Termination Notes:
Not standard in lease.Typical cost: if negotiated in lease, exit fee is typically equal to pro rata professional fees and tenant installation allowance
Project Management
Section 1. Fit Cost Data
Total Fit-Out Cost
Class A Office
Class B Office
Class C Office
Warehouse
Total Fit-Out Cost Notes:
The fit-out cost refers to the total cost of design, construction, and installation for a space. It includes categories such as materials, labor, furniture, fixtures, equipment, finishes and other related costs. The specific factors influencing the total fit-out cost can vary widely depending on the project scope, location, size of the space, quality of materials, and complexity of design.Furniture Cost
Class A Office
Class B Office
Class C Office
Warehouse
Floor Covering Cost
Class A Office
Class B Office
Class C Office
Warehouse
Partitioning Walls Cost
Class A Office
Class B Office
Class C Office
Warehouse
Other (IT/etc) Cost
Other Cost Notes:
Euro 58 per sqm through rate pending on client's requirement.Typical Manpower Hourly Rates
Senior Project Manager
Project Manager
Junior Project Manager
Project Assistant
Workplace Consultant
Designer/Architect
Project Management Base Fee
8.75%Base fee [%] for the fitout of above office of 1000 m2.