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The State of Cape Town Central City Report 2016 Introducing the 2016 Report and Cape Town in General

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The State of Cape Town Central City Report 2016 Introducing the 2016 Report and Cape Town in General SECTION 1: INTRODUCTION 02 Executive summary 03 Cape Town in context 04 The Central City in numbers “Ideal cities are very much the product of their own ages. THE STATE OF SECTION 2: DOING BUSINESS IN Designed as complete urban statements, they bear the unmistakable THE CENTRAL CITY: AN OVERVIEW imprint of their own culture and world view in every street and CONTENTS 06 Working in the Cape Town CBD CAPE TOWN 07 Breakdown of businesses in the Central City building. And yet to be successful, a city has to be open to continuous 08 Central City connectivity: working in development, free to evolve and grow with the demands of new times.” partnership and towards the green economy PD SMITH CITY: A GUIDEBOOK FOR THE URBAN AGE CENTRAL CITY 10 Retail in the CBD 12 The visitor economy 13 Commercial property trends 14 Residential property trends REPORT 2016 15 Property investment update 2016 SECTION 3: THE CENTRAL CITY PRECINCT BY PRECINCT A YEAR IN REVIEW 18 Precinct 1: the Foreshore financial district 24 Precinct 2: the Central City’s downtown in a downtown 30 Precinct 3: the cultural, legal and leisure heart of the Central City 36 Precinct 4: the East City SECTION 4: IN CONCLUSION 42 Highlights from the CCID annual residential survey: a precinct-by-precinct comparison 44 What to expect from future reports 44 Acknowledgements & credits This publication is brought to you by the CAPE TOWN CENTRAL CITY IMPROVEMENT DISTRICT SAFE | CLEAN | CARING | OPEN FOR BUSINESS 13th Floor, 1 Thibault Square, Cnr Long St & Hans Strijdom Ave, Cape Town 8001, South Africa Tel: +27 21 286 0830; [email protected] www.capetownccid.org @CapeTownCCID CapeTownCCID N E TABLE BAY HARBOUR The Cape Town Central City is the traditional CBD or “downtown” of the Cape Town metropole, and lies within a 1.62km² area managed and promoted by the Cape Town S W ABOUT THE Central City Improvement District (CCID), also the publishers of this report. The Central City’s geographical boundaries for the purposes of this report are, therefore, identical to those of the CCID, and are indicated by the dotted yellow line on N1 TO GAUTENG CAPE TOWN the map that appears to the left. All facts, figures and information contained in this report refer strictly to this footprint. NELSON MANDELA BLVD This area is bordered to the northeast by Table Bay harbour (the Port of Cape Town) TO V&A WATERFRONT CENTRAL CITY Hammerschlag including the V&A Waterfront and by the largely residential suburbs around the rest of Founders its perimeter known as the Atlantic Seaboard (to the northwest), the City Bowl (to the CTICC Garden west and south), and District Six and Woodstock (to the southeast). It is further divided DF Malan into four precincts – Precinct 1 (also known as the Foreshore), Precinct 2, Precinct WALTER SISULU AVE Artscape Vasco Da Gama Smuts Jan 3 and Precinct 4 (also known as East City). In this year’s publication, the economic activity and character of each of these precincts is broken down in detail, and the inside North front cover map has been designed as a fold-out to assist the reader in an exploration Wharf HERTZOG BOULEVARD Pier of this investment guide, and for orientation purposes. Square Place Jetty The Cape Town CBD is where all the main road and rail transportation links begin Hans Strijdom HEERENGRACHT in the Western Cape province, including the N1 highway to Gauteng and the N2 LOWER LONG LOWER Civic CHRISTIAAN BARNARD CHRISTIAAN Centre TO N2 that travels along the southern coast of South Africa to KwaZulu-Natal and beyond. Old Marine Drive Cape Town International Airport lies just 19km from the Central City on the N2. Mechau Thibault TO SEA POINT Square Prestwich NEW MARKET Riebeek BREE Cape Town Waterkant Burg Lower Railway Station STRAND ADDERLEY LOOP SIR LOWRY RD TO CAMPS BAY STRAND Castle Castle of Good Hope Grand Hout Burg BO-KAAP Parade St Georges Mall SHORTMARKET DARLING Parliament City Longmarket Hall BUITENGRACHT GreenmarketSquare Square Riebeeck Riebeeck Church Caledon Square Church Church Parade Spin Corporation Cape Peninsula WALE Albertus Harrington University of Square Technology As part of our Organisational It’s been an exciting year for our region. Irrespective of whether one is promoting Dorp PLEIN Barrack Development and Transformation International arrivals have increased a city – or indeed an entire region – for Plan (ODTP), the City is committed by 30%, and major tourism attractions investment or to encourage leisure and BUITENKANT Leeuwen Commercial Harrington to dealing with the legacy of apartheid reported record visitor numbers. These business tourism, the economic viability Keerom Parliament DISTRICT SIX spatial planning. In leveraging City increases were boosted by the addition of the area’s traditional CBD is crucial Pepper Queen Victoria CANTERBURY assets, we will be the catalyst investor of over 600 000 new two-way airline to the success of the whole. Cape LONG ROELAND in these projects to create a “crowding seats flying directly into Cape Town, Town is proud to have a clean, safe and Bloem ROELAND Bloem Ave Government in” effect by the private sector. through our Cape Town Air Access functioning Central City, and for this Green DE WAAL DR One catalystic example is how we initiative. The brand of Cape Town is we thank the Cape Town Central City New Church New Buiten approached the private sector to find on the rise. Improvement District (CCID) and all its Orphan Ln Orphan solutions to the unfinished Foreshore We can see this in the numbers, and partners for the work they do not only Freeway in a manner that would alleviate growing business confidence in the city. on these levels but to promote investor The Company's Garden Company's The BUITENSINGEL congestion and provide affordable Several global firms have committed confidence. Wesgro, as the official housing in the Central City. significant investment into our region tourism, trade and investment promotion Dean The Foreshore Freeway Precinct in the past year. Partners such as the agency for Cape Town, is pleased to once BUITENKANT Project is one of the five transit-oriented Cape Town Central City Improvement again be associated with the CCID’s development (TOD) projects we have District play a key role in strengthening annual investment guide, recognising ORANGE PRECINCT 1 (FORESHORE) identified in the city that will see our downtown, making it a vibrant, its value as a tool for decision makers PRECINCT 2 economic and residential development world-class hub. across all economic sectors. In terms located closer to transport corridors. This publication once again provides of the data it contains, collected from PRECINCT 3 VREDEHOEK HATFIELD This TOD strategic framework will insights into new developments in the various sources and including Wesgro, ANNANDALE reverse the legacy of apartheid spatial Central Business District (CBD) and this report demonstrates the importance PRECINCT 4 (EAST CITY) planning and redress the injustices I trust you will find them useful. of economic partnerships that work to of the past by stopping long travelling the common good – well beyond the distances and urban sprawl as we bring MINISTER ALAN WINDE geographical boundaries of a CBD, city people closer to residential and work Ministry of Economic Opportunities or province. opportunities. Western Cape Government TIM HARRIS PATRICIA DE LILLE CEO, Wesgro Executive Mayor, City of Cape Town KLOOF NEK KLOOF GARDENS THE STATE OF CAPE TOWN CENTRAL CITY REPORT 2016 INTRODUCING THE 2016 REPORT AND CAPE TOWN IN GENERAL 2016 ACCOLADES FOR CAPE TOWN 100 RESILIENT CITIES NETWORK: Cape Town was one of the 37 newly selected cities that joined the 63 existing cities that form the 100 Resilient Cities (100RC) Challenge. The programme is aimed at helping cities build resilience to social, economic and physical challenges in urban CAPE TOWN’S WEATHER | AVERAGES environments. Best metro for financial management 17°C 475mm 48.33mm 8.7hrs 111 by Ratings Afrika. This award was based Temperature Annual Monthly Daily sunlight Annual number on a survey of all South African metros. INTRODUCING THE 2016 precipitation precipitation of rainy days “Best value long-haul REPORT AND CAPE TOWN Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec destination in the world” AVERAGE HIGH 25 25 24 22 19 17 16 17 18 20 22 23 (2016 UK Post Office Travel Money Report) TEMPERATURE (°C) LOW 17 17 15 13 11 8 8 8 10 12 14 16 AVERAGE NUMBER ONE IN THE CATEGORY “TOP IN GENERAL PRECIPITATION 20 20 30 50 70 90 100 70 50 40 20 20 CITIES IN AFRICA AND THE MIDDLE EAST” (MM) 01 (Travel and Leisure 2016 World’s Best Awards) “Luxury travel destination of the year in Africa and the Middle East” CAPE TOWN IN CONTEXT (Luxury Travel Guide) EXECUTIVE SUMMARY The Cape Town Central City (an area covering 1.62km²) is the traditional downtown of the metropole of Cape Town, which itself is situated in the Western Cape Welcome to the Cape Town Central City, within ithe CCID’s boundaries. These A major catalyst for this is expected to be province of South Africa. The following gives some background to the context “Best city in the world” and to the fifth edition of our annual “neighbourhoods”, in many ways, have the City of Cape Town’s Foreshore Freeway in which each of these destinations find themselves, and provides a deeper (Telegraph Travel Awards – Vancouver investment guide, this time looking at now evolved into their own personalities Precinct project, which has generated understanding towards the Central City. and Venice took second and third place) 2016 in review. and the business done within each of much discussion and interest both in how as well as “Cheapest long haul destination” This publication is compiled and them has evolved as well.
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