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THE STATE OF CAPE TOWN CENTRAL CITY REPORT 2018

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THE CENTRAL CITY

IN NUMBERS THE VALUE OF CENTRAL CITY PROPERTY

R42 860 981 211

The overall official nominal value of all property in the CBD, according to the City of Cape Town’s 2018/19 property evaluation (provisional figure, calculated prior to the valuation objection phase).

R2 798 000 000

BUSINESS A TOTAL OF 161 ACCOMMODATION AND TRAVEL BUSINESSES INCLUDING:

23

3

39

5

5

60

Embassies

Student hostels

airlines

Hotels

Car hires

Travel services

The value of property, conservatively estimated, that is under construction.

R4 296 000 000

The value of property, conservatively estimated, that is currently in the planning phase

R4 740 000 000

The value of property, conservatively estimated, that is currently proposed and is hoped to begin construction by 2020.

1 062 023m2

Total commercial (office) space in the Central City:

11.8% 266 478m2

Office vacancy rate as at Q4, 2018

Total retail space in the Central City

93%

The value of property, conservatively estimated and still to be officially assessed by the City, which has been completed in the Central City during the course of 2018.

R1 747 000 000

COMMERCIAL & RETAIL SPACE

Retail occupancy rate as at Q4, 2018

A TOTAL OF 44 ARTISTIC STUDIOS

A total of 110 architecture, engineering and surveying firms including the following:

61

Architecture

21 BACKPACKER ESTABLISHMENTS

61

Conference and events venues

17

Co-working spaces

30 17

Engineering

Quantity surveying

2

Land surveying

A total of 101 Communications, media and advertising agencies: 8 Advertising 4 Communications 7 Event management 31 Film and TV production 2 ICT (marketing) 9 Marketing and branding 11 Media 14 Printing and publishing 10 Public relations 5 Specialist/other

Profile for Cape Town Central City Improvement District

The State of Cape Town Central City Report 2018  

Looking back at 2018 in terms of the economic and investment climate of the Cape Town CBD.

The State of Cape Town Central City Report 2018  

Looking back at 2018 in terms of the economic and investment climate of the Cape Town CBD.

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