Despite a slower recovery in rentals since 2009 from R115 to R120 in the first quarter of 2012, Lynnwood's commercial property is showing noticeably better prospects since the completion of the upgraded Lynnwood off ramp from the N1 Highway and the Glenfair Boulevard.

The prime grade Lynnwood Bridge mixed use development is viewed as a trend setter in style and amenities and is pushing the demand for similar developments in the area. Phase 1 of the project is 100% occupied with record rentals being achieved.

Following the success of Phase 1, an additional 7 500 m² floor space in Phase 2 is likely to come onstream in the first quarter of 2014. The expected occupation date is 1 May 2014. The asking net rent for offices in Phase 2 is R 141 / m², with operational costs R 24 / m². Rent for a basement parking bay is R 747 per bay.

Easy accessibility from the Hans Strydom on/off ramp on the N4 is also driving the popularity of a number of office parks like the Green Hill Village, Eastwood Office Park and Block @ Nature. Leasing at between R120/m2 to R129/m2, these office parks are a definitive choice for companies wanting to operate from the eastern side of the N1

The improvement to the road infrastructure by Sanral has bolstered the prospects of the node and this is reflected in the increasing uptake of retail and office space and resultant decrease in vacancies. Vacancies which had peaked in 2008 at above 8% are now stable at 3.5%

Elza Human, broker at Broll Property Group says, "The Lynnwood Bridge precinct has been the game changer for the node's prospects. Additionally, improving property fundamentals are helping with strengthening rentals and building confidence in the node's sustained growth."

Robust demand for commercial property should hold up as the area also offers excellent public transport links.