Research
Cape Town Industrial Market Dynamics, Q2 2024
Summary and analysis of Cape Town's current industrial real estate market conditions.
September 05, 2024
Contributors:
- Mieke Purnell
Strong trading conditions stemming from a growing local population (by virtue of ongoing semigration) is enabling positive rental reversions.
Multi-let industrial parks are receiving higher volume of inquiries, driven by the growing last-mile logistics market, as well as an increasing number of start-ups.
Development activity is ongoing in peripheral nodes such as Airport Industria, Atlantic Hills, and Brackenfell, given the limited land availability closer to the urban core.