Our summary: State of Cape Town Central City Report 2015

What is the CCID?

The Cape Town Central City Improvement District (CCID) manages and promotes the Mother City’s traditional CBD, and is the publisher of the report in question. The CCID is a private-public partnership formed by property owners in Cape Town which provides additional or complementary services (such as increased security) above and beyond what the City Of Cape Town provides. The CCID has been a major driver of change and upliftment in CBD, and is perceived by many in the property industry as a major catalyst for change in positioning Cape Town CBD as most desirable business district in South Africa.

CCID Report Cover

DOWNLOAD THE FULL REPORT: CLICK HERE

The City’s latest Awards:

  • Recognized as a leading city in international efforts to combat climate change. It is the first African city to meet the planning and reporting requirements of the Compact of Mayors.
  • The City of Cape Town’s Water Conservation and Water Demand Management Programme was the winner of the Adaptation Implementation Category in the 2015 C40 Cities Award in Paris.
  • The MyCiTi bus network received a special recognition award at the 62st UITP World Congress on Global Public Transport held in Milan, Italy, as a leader in African public transport systems.
  • The 2014-15 audit outcomes for the Western Cape Government showed that 12 out of 13 provincial departments had received clean audits, with the percentage of departments that have achieved this increasing to 92% from 36% in 2011-12.
  • The city made it onto the Telegraph’s Most Beautiful Cities list.
  • Ranked by CNN as the ninth Best City in the World.
  • Ranked ninth on Travel + Leisure’s Top 10 Overall World’s Best Cities list.
  • Ranked 10th on TripAdvisor Traveler’s Choice Top 25 Destinations in the World.

Property in Cape Town CBD

Office Rental Trends - CCID

Property investment update

Click on the images below for a conceptual overview of the various property investment / new property developments currently underway in Cape Town CBD:

 

Break down of private companies in the CBD

Of the seven industries in which the city has a superior comparative advantage compared to the country as a whole, two categories stand out being hospitality, and finance and business services. These industries are well represented among the over 2 500 private businesses and 109 government service offices located in the CBD. In support of start up and tech firms, the City of Cape Town is investing extensively in the rollout of fibre-optic broadband internet.

Break down of private companies CBD (Custom)

The report also focuses on the following industries within the city:

  • Legal Sector – there are 689 legal entities in the CBD with an office address, ranging from large law firms to the individual offices of advocates who service the Western Cape High Court. The Foreshore’s status as rising financial district of Cape Town is evident in the number of buildings that carry the names of South Africa’s top law firms such as Edward Nathan Sonnenbergs (ENS), Cliffe Dekker Hofmeyr Inc, Bowman Gilfillan Inc, Webber Wentzel and Norton Rose Fulbright.
  • The Creative Economy – this diverse sector is an important sector for the greater Western Cape and is also a top employment sector of City-based residents. The spectrum of creative industries in the Central City include Advertising & Marketing (including digital marketing), Art & Antiques, Animation, Craft, Design, Film, TV & Radio, Music, Performing & Visual Arts, Writing and Publishing.

DOWNLOAD THE FULL REPORT: CLICK HERE

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