Cape Town’s inner city pulled in over R3.5 billion in property investment in 2022, marking a strong post-pandemic recovery – with the construction, retail, hospitality and eventing industries attracting much of the attention. This is according to the 11th edition of the State of Cape Town Central City Report for 2022 released by the Cape Town Central City Improvement District on Monday.
Northern Cape threatens to take over as most expensive residential rental market Retail occupancy was reportedly 5.6% stronger in 2022 than in the previous year as the total retail space occupied across the city’s four precincts grew by 13 731m2 to 258 024m2 of the total available space of 271 209m2. This means that vacancy in the retail segment of the inner city’s property space came in just under 5%, with only 13 185m2 of the space going unclaimed in the year under review.