2016 State of Claremont Report

2016 State of Claremont Report

The State of Claremont Report is published by the Claremont Improvement District Company (CIDC)

 

Baker Street Properties welcomes the recent publication of the 2016 State of Claremont Report by the Claremont Improvement District Company (CIDC). The document provides owners, occupiers and investors with a comprehensive overview of development trends and key market indicators of this prime commercial node in Cape Town’s Southern Suburbs.

Highlights from the report:

Draper on Main Development Claremont Cape Town

The proposed Draper on Main development by Growthpoint Properties. The 5 500 square meter development on the corner of Main and Draper Roads is scheduled for completion by June 2018

  • A decade ago, the median price for sectional title residential property in Claremont was R635 000. During the last year to date, the median price paid for a sectional title unit was R1,6 million.
  • The value of property in Claremont CBD increased by as much as R1,9 billion during the past year alone.
  • In line with national trend towards decentralized nodes, a number of mixed-use developments have been established in Claremont CBD in recent years. These include the likes of Montclare Place and The Claremont.
  • An estimated six new developments are scheduled for completion in coming years.

Cape Town Industrial Property Market Report Download

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