New commercial property data from Lew Geffen Sotheby’s shows that businesses are making their way down to the Mother City.
Businesses have jumped on the semigration trend in South Africa and are increasingly making their way down to the Cape, says Brent Townes, the COO for Lew Geffen Sotheby’s International Realty.
Data from Lew Geffen Sotheby’s also showed that 58% of all commercial properties sold across the 54 suburbs it services in the Western Cape were office space, followed by industrial , shops at 11% and warehouses . Townes said that the city offers a high service delivery rating and experiences less load shedding thanks to the Steenbras hydroplant and efforts by the local government to become energy independent.
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