In its assessment of the commercial sector , the report notes that CT CBD office vacancy rates increased from 14.6 % in 2020 to 16.1 % in 2021 , which is slightly higher than the national average of 16 %, prompting inner-city landlords to repurpose vacant space .
Office space in the CBD available for rent increased by 14 936 m ² during 2021 , due to a 14 306 m ² increase in A-grade office space .
U X O L O I M A G E : E d S u t e r
T H E F Y N B O S
Nevertheless , the Cape Town CBD offered the city ’ s most competitively priced premium office space in Q4 2021 at R195 per m ².
Other Highlights
• An overview of the most resilient CBD economic sectors in 2021 , including Business Process Outsourcing - which created over 5 000 international jobs in the year under review - the film industry , the knowledge and eventing economies , and the art economy ;
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