Cape Town's commercial real estate market
Cape Town has consistently outperformed other provinces in the commercial property market and looks set to continue to do so. The defining factor of Cape Town's prevalent real estate market is that the city serves as a hub for large international and local businesses. The economy is on a positive incline and there is continued interest in innovation in commercial real estate. Aska Property Group is leading the way in exploring the depths of Cape Town's commercially zoned and vacant land.
The most profitable types of real estate in Cape Town
There has been a steady demand for office space, warehousing and industrial land all over the West Coast. While residential and retail properties are in constant demand, the values for these properties tend to seesaw depending on the available liquid cash flow of private buyers. However, commercial and industrial real estate retains its value, regardless of the state of the market.
The most profitable commercial properties apart from business/retail/industrial properties are real estate that favours the tourism sector. Investing in accommodation such as hotels and Airbnbs can offer significant returns in a busy city like Cape Town.
Is it currently a buyers' or a sellers' market in Cape Town?
Due to the inflation rate of 2024 and the interest rates by financial institutions, it is currently a buyer's market. This is excellent news for investors, as the property landscape is ready for you to take your pick. Aska Property Group is proud to present the Rivergate development. Perfect for all types of land use, you can invest in commercial, industrial and other types of real estate properties here.
The best types of commercial property to own
Rivergate is located with convenient access to the major highways R27 West Coast Road and N7 National Road, providing convenient access to the Cape Town CBD. Our development has been created with phases in place intended for mixed business use. It is divided into namely;
- The Commercial Precinct
- The Rivergate Industrial Business Park and Pegasus Park
- Pioneer Valley and Rivergate North Village
- Station Precinct
With distinct features between these phases, the Rivergate development highlights the best areas to own commercial and industrial properties in Cape Town.
Why is property pricier in Cape Town?
Cape Town is seen as a cosmopolitan location. With semigration having boosted the city's popularity, the demand for real estate has increased in both the local and foreign markets. It is the most expensive city in South Africa and has the resources to sustain the wealthiest investors and keep them coming back for more. The commercial property offering on the West Coast makes for a competitive industry, with investors constantly vying for the best pricing and plots.
As demand often exceeds supply, Cape Town's commercial real estate market is set to continue to appreciate over the coming years. This makes it a lucrative financial choice for investors and developers.
Aska Property Group's dedication to providing commercial real estate/ commercial vacant plot solutions
Our team of experts are on hand to assist you with any of our commercial listings you are interested in. If you have a commercial property you would like to sell, please get in touch with us and we will connect you to the right channels to do so.
17 Sep 2024
Author Aska Property Group