Cape Town becoming increasingly significant as strategic business location in SA

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Cape Town Cityscape by night

Cape Town is increasingly being viewed as a strategic location for both local and international businesses.

Highlights from this report:

  • Demand in office accommodation showed improvement in Cape Town during Q4 2015, providing a positive start to 2016.
  • The overall Cape Town office vacancy rate declined to 7.2% in Q4 2015 from 9.0% in Q3 2015.
  • The presence of major financial institutions continues to establish a financial district in the northern CBD/ Foreshore area attracting both local and international tenants.
  • Cape Town is increasingly being viewed as a strategic location for both local and international businesses.

Authors:

  • Dave Russell – Director (leasing), Baker Street Properties, Cape Town
  • Zandile Makhoba, Head: Research, JLL South Africa
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