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New Cape Town property developments to watch out for in 2018

Category News

New property developments in Cape Town’s main commercial nodes continue the focus on lifestyle and mixed-use properties. Century City and the V&A Waterfront remain The Mother City’s two highest growing mixed-use nodes, positioning themselves with superior lifestyle amenities, convenience and security. In-line with the City of Cape Town’s socio-economic development plan on densification, developers are focusing on mixed-use property solutions evident in a number of new sectional title apartment, office and retail offerings across the city.

With relatively low office vacancy rates – 6.5%, flattening office rentals returns – R148m2, and plentiful residential office conversions, the implications of new development on the Cape Town Property market could be impactful for the commercial sector. Additionally, limited water supply has implications on construction and overhead costs for landlords accommodating tenants through innovative water solutions.

To see the list of developments, click here

Author: Marketing Manager

Submitted 02 Mar 18 / Views 863