Cape Town CBD sees 41% property development boom
Property investment in the Cape Town central business district (CBD) surged by 41% during 2025/26 compared with the previous year.
The State of Cape Town Central City Report 2025, published this week by the Cape Town Central City Improvement District (CCID), says the value of current property developments, conservatively estimated, increased from R9-billion in 2024/25, to R12.8-billion in 2025/26, driven by strong investor confidence.
The CCID is largely made up of commercial and residential property owners.
The 29 developments in the property pipeline – completed, under construction, planned or proposed – are spread over the CCID’s 1.74 km² footprint in the heart of the CBD.
“Ground-breaking developments changing the CBD’s skyline include a clutch of innovative and ambitious commerical and mixed-use billion-rand properties,” says the CCID report.
“Collectively, they are set to dramatically enhance the CBD. More buildings translate into a bustling downtown that’s filled with more people who are working, doing business, living, eating, visiting, staying and having a great time here.”
Notably, for the second consecutive year, residential builds – complemented by mixed-use developments with a strong residential component – dominated the development map.
In the last five years (2021 to 2025), 22 predominantly residential builds have come on stream, valued at R5.1-billion, and added roughly 3 260 residential units to the CBD’s apartment pool.
The commercial sector is also holding its own, notes the report.
In the second quarter of this year, Cape Town again has South Africa’s lowest office vacancy rate of 6.2 %, according to the South African Property Owners Association.
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