Parow Industria is an area that is becoming more sought after for tenants seeking value for money in a central industrial area. Well situated between the N1 and the N2, and close to the Airport, it consists of two distinct areas, Parow Industria and Tygerberg Busiess Park . Parow Industria has mainly older buildings but there is a trend to modernize and redevelop properties as the area is very sought after for warehouses, factories, logistics and distribution. There are a number of redevelopments underway. Rentals range between R35 and R45 per square metre depending on the builings, degree of yard power etc.. Rentalss in excess oR R55 per square metre have recently been achieved for new buildings.
Independent Industrial Property Specialist, Guy de la Porte of Airport Property has a strong focus on Parow Industrial property, along with Epping, Airport Industria and Beaconvale. Larger users in Parow Industria include Coca Cola (Penninsula Beverages) PEP, RTT, UTI amongst many other National warehouse and factory operations. Generally, tenants and owner occupiers that are interested in Epping, will consider Beaconvale, Parow Industria and Airport Industria and vice versa.
Most of the buildings in Parow Industria have good 3 phase power supplies . Parow Industria has formed a City Improvement District “The Parow Industria CID”, which radically improved security in Parow Industria. It is very close to all public transport and is close to the Airport.