globe retail outlook data

 

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Retail By City

JohannesburgSouth Africa

city rank #98

City Overview

The City of Johannesburg is located within the Gauteng Province. Although Gauteng occupies only 1.5% of the country’s land area, it is the financial hub of South Africa and real annual economic growth rates for 2016 indicate a growth of 1.4% for the province.

The main cities in Gauteng include Johannesburg and Pretoria. Johannesburg, one of the largest cities on the African continent, is well-known for its mixture of shiny skyscrapers, Indian bazaars, African medicine shops, and busy streets with fruit sellers and other vendors on most street corners. Additionally, the city is the provincial capital of Gauteng.

The City of Johannesburg measures approximately 1,645km² and is home to a population of 4.4 million people according to 2011 census data. Of the city’s total population 72.7% are of working age (i.e. between 15 and 64 years old). It has been recorded that the city is made up of approximately 1,434,856 households of which 16.8% have an average household income of between R19,601 - R38,200 with an equal amount (16.8%) having no income.

Gauteng has roughly 11.1 million m² of formal retail shopping centre space. The largest shopping area in Johannesburg is the Sandton Retail Node (170,939 m²), which consists of a combination of Sandton City (141,390m²), Nelson Mandela Square (16,265m²), Legacy Corner (7,000m²) and Michelangelo Towers Mall (6,284m²).

As at Q2 2018 the retail market continues to feel the pressure placed on consumers resulting in larger retailers acting more cautiously, looking to consolidate and reduce their store footprints. However, the expansion of existing malls continues adding new space to the retail market.

Things to do

See

Work

Sandton and Surrounds, Midrand as well as the Johannesburg CBD


Rest

Cradle of Humankind, various Shopping Centres, and a wide range of sporting activities from Rugby to Soccer and Cricket


And be seen

Eat

Tashas, Parkhurst (various restaurants), The Grazing Room at DW Eleven – 13, Rockets, Fireroom, Gemelli, Chaf Pozi, Marble and many others


Drink

Tiger's Milk, Gilroy’s, Rockets, Hogs Head and The Baron, to name a few


Be Merry

Johannesburg Botanical Gardens, Cradle of Humankind, Gold Reef City, Balloon Safaris and Monte Casino Complex


Other Cities in South Africa

Contact Us

Ndibu Motaung
3A Summit Road, Dunkeld West
Johannesburg, 2196
+27 11 911 8259 | Ndibu.Motaung@cbreexcellerate.com