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The Block, 51 Wale Street
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Year-end message to Inospace clients

Inospace CEO Rael Levitt's year-end message highlights 2023's growth, challenges, new prop tech platforms, and entrepreneurial support, emphasising resilience and innovation.

December 12, 2023
Inospace
Signing off for 2023
Signing off for 2023

As 2023 draws to a close, it's remarkable to reflect on the rapid evolution of our world. Life comes at us fast - the dizzying pace of change, from geopolitical shifts to groundbreaking advancements in artificial intelligence, is a daily reminder of our collective resilience and adaptability. This year, as we navigated these transformations, the unwavering support and trust of our clients in Inospace have been our guiding light.

2023 has been a year of consolidation, strategic growth, and, admittedly, a mix of challenges and triumphs. Artificial Intelligence, once a futuristic concept, is now a tangible part of our homes and businesses, reshaping our daily lives and work.

Inospace has continued to build new state-of-the-art business hubs with more planned for 2024

Our expansion has been significant yet thoughtful. We added five new sites to our network in Cape Town, including the stunning Ship Works in Parden Eiland and two innovative parks in Airport Industria, Fly Works and Sky Works. The sale of our flagship site, The Island, to Spear REIT was a strategic move, allowing us to reinvest in new locations and technology development. This careful growth reflects our commitment to providing outstanding spaces and services to entrepreneurs, ensuring each new venture aligns with our core mission.

Our journey didn't stop at acquiring new sites. We proudly launched new business hubs at Eastleigh Exchange, Tambo Exchange, and Lanzerac Works in Johannesburg. The upcoming launch of another hub at Allandale Exchange, a large serviced logistics park in Midrand, is particularly exciting. Servicing almost 100 businesses, these hubs offer more than shared physical spaces; they are vibrant community facilities fostering innovation and growth.

Our fulfilment and outsourced warehousing solution launched in August

A pivotal shift in our business model this year was the launch of our first e-commerce offering for entrepreneurs. Our new fulfilment warehouse at Island Works provides a much-needed boost to growing e-commerce businesses in South Africa, levelling the playing field for smaller companies.

Transitioning from solely being a logistics property owner and operator to a logistics solutions provider has been a game changer. It aligns with our mission to empower a new generation of entrepreneurs by creating innovative spaces for them to thrive.

One of the most exhilarating advancements this year has been the introduction of 'Lisa', our new leasing platform. Since its inception in 2020, Lisa has revolutionised our operations, streamlining our lead-to-lease processes and enhancing our service quality. Lisa's recent extension to other property owners aims to provide more entrepreneurs with easy access to amazing physical spaces.

Reflecting on 2023, we're reminded of the lessons from the Covid-19 pandemic about adaptability, resilience, and the importance of community. Our journey, much like the world's, is one of constant evolution and striving for excellence.

2023 was the Chinese Year of the Rabbit, symbolising longevity, peace, and prosperity. In many ways, our journey mirrored these qualities – navigating challenges with agility and grace and finding growth and harmony amidst chaos.

Looking to the future, our vision for Inospace remains clear. We aim to continue as a leader in innovative workspace solutions, staying ahead of industry trends and keeping our valued clients at the heart of everything we do.

This year's achievements and growth were striking, but what personally resonated with me was the resilience of our nation. Despite challenges like load shedding and economic fluctuations, my recent trip overseas reinforced the unique spirit of South Africans. Our ability to face adversity with optimism, embodying the 'fake it till you make it' spirit, is remarkable. As leaders in business, life, or our families, showcasing this optimism and courage is vital. South Africa has its challenges, but our global perspective reminds us of our strength and relatively favourable position.

I cannot conclude without acknowledging the incredible efforts of the Inospace team. Their dedication, creativity, and commitment have been the driving force behind our success.

In closing, I extend my heartfelt gratitude for your ongoing support. Your trust fuels our passion and commitment to excellence. We look forward to continuing this journey with you, embracing the challenges and opportunities of 2024.

Wishing you a prosperous and fulfilling year ahead.

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