Randburg, which lessened some of its charm on the
back of Sandton’s popularity over recent years, is now poised for the return of
developers and investors.
Consisting of over 32 suburbs, with the majority
being upper-income residential suburbs, the area had begun to wane. A JHL
leasing consultant explained that there was a migration of industrial and
retail investors toward Northern suburbs, such as Cresta and Sandton.
However, with municipal plans to renew and upgrade
infrastructure, JHL forecasts Randburg to attract new investors as well as
former investors. It is now a designated a priority area and significant
commercial point of the City of Johannesburg’s five-year Integrated Development
Plan.
Therefore, Randburg as well as other suburbs, will
benefit from developments in road infrastructure and public transport of the
Rea Vaya Bus Rapid Transit system (BRT) expansion. It is aimed to provide easy
access to Johannesburg suburbs via the Rea Vaya BRT system, which the City of
Johannesburg are calling the ‘corridors of freedom’.
