New Residential Developments helping the Cape Town Office Market

Exclusive Office Market Report Q2

Highlights from this report:

  • The conversion of Triangle House and other residential redevelopments in the Cape Town City Bowl positively influenced the dynamics of the office market in Cape Town.
  • The overall vacancy rate reduced to 8,1% compared to 9,2% in quarter 1 in 2015 – this is the lowest vacancy rate in the various South African metros surveyd by SAPOA
  • Rental rates improved by an overall average of 5,7% year on year, with grade A buildings driving much of the growth.

To download and read the full report, CLICK HERE

The report is compiled by Jones Lang LaSalle and Dave Russell from Baker Street Properties.

Triangle House building in Cape Town City Bowl

Triangle House in the Cape Town City Bowl is set to become a Radission Blu hotel and residence.

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