Madison Leasing director Darren Wilder says both the Johannesburg and Cape Town leasing teams did well.

“The Johannesburg team has achieved over 35000m² of commercial leasing since May.”

Some of the big deals in Gauteng include 4130m² of space for courier company DHL at Wingfield Park in Jet Park on the East Rand, and 8500m² for Builders Warehouse on a 12-year lease in Kempton Retail, Kempton Park.

Typical leases are being signed for three years, says Wilder.

In Cape Town, the leasing team have let more than 25000m² of space since May.

The larger deals in Western Cape are in new developments such as a 1780m² deal with DHL and 520m² for Woodford Car Rentals, both at CTX Business Park near Cape Town International Airport.

Madison has also concluded deals with Automagic, which has leased 600m², and Klein Valley Wines, which has leased 420m² in Bergriver Business Park in Paarl.