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News article

Centurion Retail Property for Rent

Published: 13 March 2018

Why Choose Retail Property for Rent in Centurion Mall?

Whether you are looking for Centurion retail property for rent where you can open a restaurant, or you want to open a boutique or expand your company’s brand exposure with another retail outlet, Centurion Mall is the answer. Strategically located near the Centurion Gautrain station and with easy access to the N1 highway that connects Pretoria to Midrand and Johannesburg, Centurion Mall is a landmark retail centre. It is near various office buildings, ensuring foot traffic during lunch hours and after work as well, with many of the people working at surrounding offices doing their grocery shopping at the mall.

With its completely revamped look and feel, the mall is trendy, and renting Centurion retail property close to SuperSport Park cricket stadium holds the benefit of being able to maximise the foot traffic generated by events hosted at the stadium. Whether you thus want to cater to the shopping needs of sport spectators or business people from the surroundings, you will be pleased with the high annual foot count of the mall. The mall also caters to the day-to-day shopping and entertainment needs of people living in Centurion and Pretoria. With the Gautrain station nearby, tenants of the retail property spaces at Centurion Mall also cater to shopping requirements of people from Midrand, who commute using the Gautrain.

Relaxed Character

It is a partially open-air mall with numerous restaurants offering outdoor seating. With a distinctly modern look and feel and numerous entertainment options, the mall boasts a relaxed ambience, which is perhaps one of the most important reasons for its popularity.

Retail Property Size

Whether you are looking for a small retail outlet space to rent, or want to open a large department store, the sheer size of Centurion Mall will impress. The mall covers 115 300 m2, putting it in the super mall class. The mall includes 200 retail stores, providing sufficient variety to ensure that shoppers return. With it being a mall where people can dine, relax, and shop for groceries, clothing, and other consumer items, it provides everything shoppers want in one location. It also has several banks and mobile service providers.

Various Anchor Tenants

With a number of well-known brands represented in Centurion Mall, the risk of a steep drop in visits when one anchor tenant moves is extremely low. If you thus want retail property for rent in Centurion where you can expect stability and a steady flow of foot traffic, Centurion Mall fits the profile. Anchor tenants such as Edgars, Pick n Pay, Game, Checkers Hyper, and Dis-Chem attract large numbers of visitors.

Balanced Tenant Mix

Of course, the ratio of one type of retailer to another type is important. You will be pleased to learn that Centurion Mall has a superb tenant mix, ensuring that all visitors’ shopping needs can be met. Everything from strategically located fashion stores and electronic outlets, to health stores, fast-food service providers, entertainment providers, and restaurants form part of the tenant mix.

Number of Visitors

When you browse for Centurion retail property for rent, then the potential exposure and annual foot traffic are important. Centurion Mall does not disappoint. More than 1,17 million people visit the mall per year.

Audience Makeup and Trading Density

Female shoppers in the age group of 25 to 34 account for 34% of the annual visits, with females 35 to 49 years of age making up 36,5%. The shoppers come mainly from the LSM 8-10+ Living Standards Measure groups and the average household income per family is R30 000 per month. The average household size is 3,2. The mall boasts an average trading density of R2 577,27. The annual car count is 5 418 191.

Longer Trading Hours

With many of the shoppers visiting Centurion Mall after work, it is important that the stores are open after normal office hours to cater to their needs. Retailers also benefit, because longer trading hours mean more sales opportunities. During the week, the mall stays open until 19:00, giving retailers extra time to generate business. The trading hours are extended on Fridays, when the mall closes at 20:00. This provides for an additional hour of income generation. Saturday trading hours are from 08:00 to 19;00, with trading hours from 09:00 to 17:00 on Sundays and public holidays.

If you are looking for well-positioned retail property for rent, look no further than Centurion Mall.

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