Research
Cape Town Office Market Dynamics, Q4 2024
Summary and analysis of Cape Town's current office real estate market conditions.
February 18, 2025
Contributors:
- Mieke Purnell
Office demand continues to outstrip supply in Cape Town, particularly with regard to prime offices. Core precincts are all fully let, and pre-letting rates among new developments are high.
Increasing competition for stock suitable for the BPO sector is resulting in an increasingly more landlord-favourable market.
Average gross rentals at the upper end of the quality spectrum are markedly higher than in alternative cities such as Johannesburg and Durban.
