Growthpoint launches ready-to-occupy office concept

Real estate investment trust Growthpoint’s ready-to-occupy office booking concept WorkAgility allows tenants to lease office space they way would book a hotel room, for periods as short as 12 months.

The concept comes as the office property sector struggles to up vacancies in a post-Covid-19 work environment which is now categorised by a hybrid working style that allows employees to split their time between the office and home.

“The business environment and office market have shifted, and with WorkAgility Growthpoint is responding to the new needs of a significant portion of office tenants,” says Growthpoint regional asset manager Timothy Irvine in a statement.

“We have listened to our clients, and we are doing things differently to adapt our offices to the new world of hybrid working.”

“WorkAgility is a frictionless new concept for the local office market. It offers flexible ready-to-occupy offices that are all yours. No shared or co-working space.”

Read:

Growthpoint says the WorkAgility concept will allow tenants to book office space by measure of the work stations needed instead of square metres, at an all-in monthly cost. 

Tenants can book 20 to 85 workstations, as well as specialised areas such as meeting rooms and concentration spaces, at six selected buildings in Cape Town and Johannesburg.

The group’s first WorkAgility office space is in Cape Town, at Newlands on Main.

“Growthpoint intends to expand the WorkAgility concept in line with demand,” it says.

As SA’s largest real estate investment trust, with property assets nationwide, it says it has “the singular ability” to roll out “this ready-to-occupy integrated office concept” in almost every key business area in the country, especially the major metropolitan cities.

Read: