How industrial property values are influenced by proximity to airport infrastructure
Category Industrial Property News
In this day and age, location is everything when one wishes to purchase industrial property. Infrastructure plays a pivotal role. When an industrial business decides to move their operation within close proximity to an airport what does this mean for business and industry?
It’s well-known that there are various issues when residential areas are in close proximity to airports. This drastically affects the property value as there are many factors to take into consideration such as noise and air pollution and residents need to be compensated accordingly.
“Many countries have developed policies and measures to deal with the external impact of aviation on the wider community. There is, however, often controversy and lack of acceptance of some measures, such as compensation, in the communities affected by aviation. Such measures are often felt to be ineffective and perceived as unfair. A clear and objective model for determining compensation would be helpful to reduce controversy” - Patcharin Limlomwongse Suksmith (2014). This was taken from a study by the International Association of Traffic and Safety Sciences who sighted this as a major issue of contention. The paper was titled “Aviation Impacts on Property Values and Management: The Case of Suvarnabhumi International Airport” which is the main airport for the sprawling capital city of Bangkok in Thailand. This is, however, a global issue so the study is applicable to other major metropolitan areas globally including South African cities with major international airports.
However, this is grossly different when it comes to industrial nodes and business parks. Who can actually be affected positively if they are near airports or airport-related industrial nodes, such as Airport Industria in Cape Town. This can have a positive impact and be beneficial to the growth of one’s industrial enterprise.
“Property surrounding Cape Town International Airport has become extremely sought after as an investment. Airport Commercial and industrial property demand, from both upcountry and Cape Town tenants, owner occupiers and investors are extremely high and supply is limited. Good capital gains are expected as the Airport commercial and industrial property area grows. Airport Industria has the established, Airport Industria Improvement District (CID)”. - www.gdpindustrialproperty.co.za
This is a clear example of the benefits of conducting your industrial business from an airport industrial node. What makes Airport Industria even more favorable is it benefits from all the other first world infrastructure that the greater Cape Town area is famous for including the MyCiti bus service and well maintained main roads and highways. Leading property group API has only 19 listed properties for the Airport Industria area highlighting the fact that industrial properties are in high demand in this area hence the low amount of rentals. The leading property group believes that a lot of this has to do with Cape Town being one of the world’s most popular tourist and business destinations and many want to be near the airport for logistical purposes.
With so many pivotal factors in play, there are so many reasons why one should invest in this leading industrial area. With only 19 available properties available through leading property group API, there really isn’t a better time to invest but now. This leading industrial property brokerage has a huge amount of credibility and stature within the industrial property market in South Africa. They have a wide and highly skilled team of expert industrial property brokers, waiting to make sure all your industrial property requirements are met. Get on the phone today and make Airport Industria your new home before all available industrial properties are gone. Now is the time to invest.
Author: API Property Group