Commercial Property Cape Town
The demand by private investors for commercial property in Cape Town has grown enormously over the past year and there are many investors looking to purchase buildings with upside potential to either further develop or to create apartments with a commercial section on the first 2 or 3 floors.
There is huge interest in the CBD as well as Woodstock for potential redevelopments as these areas are being slowly regenerated and taken up by young and innovative companies. This has created a gap in the market for lower rentals in these traditionally cheaper areas for commercial office space because they no longer exist. The increase in commercial rentals in the peripheral areas has been rapid over the past 3 to 4 years and Landlords are reaping the rewards of their investment in renovating rebuilding older properties.
It is wonderful to see all the ”Golden Oldie” heritage buildings being restored to their former glory and occupied by interesting and creative businesses alongside all the new coffee shops, breweries and restaurants in these areas. Cape Town has become more than ever a destination and a sought after place for international investors to look for commercial as well as residential opportunities.
The City is now at number 36 in the Top 50 most popular cities worldwide alongside London, New York and Tokyo for investors in commercial or residential property.
Commercial Property will hold its value through good times and bad and we at Divaris can guide our investors through the process of buying, renovating and tenanting their properties so that they perform at high yields and beat inflation.