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Retail By City

Cape TownSouth Africa

city rank #137

City Overview

The City of Cape Town is located in the Western Cape Province. The Western Cape covers 129,462km² and is approximately the size of Greece. It is South Africa’s fourth-largest province, accounting for 11.3% of the country’s land area, and has a population of 6.6 million people (2018 mid-year estimate). Real annual economic growth rates for 2016 indicate a growth of 1.1% for the province.

Several cultures contribute to the cosmopolitan flavour of the province, resulting in a unique demographic profile. Since Jan van Riebeeck established a refreshment post at The Cape of Good Hope in 1652, trade and immigration have helped to create a diverse population from various countries. Afrikaans, isiXhosa and English are the main languages spoken by the majority of the people residing within the province.

The City of Cape Town covers an area of 2,461km² and is recorded as having a population of approximately 3.7 million people according to the 2011 census data. Of this population roughly 69.6% are of working age, i.e. 15 - 64 years old. Additionally, around 1,068,572 households make up the city with the majority (16%) of these having an average household income of between R19,601 - R38,200. The city is the legislative capital of South Africa as well as the economic centre of the Western Cape Province. The main sectors making up the city’s economy include finance, insurance, property and business services; manufacturing; and wholesale and retail trade, catering and accommodation.

The Western Cape Province has approximately 3,767,353m² of formal shopping centres. The City of Cape Town is home to Canal Walk (146,828m²), one of South Africa's largest shopping centres, and the world-renowned Victoria Wharf (VA) Shopping Centre. Both of these centres are attractive locations for international brands. As at Q2 2018, consumers remain under pressure, as disposable income continues to decrease resulting in a tough retail trading environment. Landlords are becoming more flexible in the negotiations of rentals and escalations.

Things to do

See

Work

CBD, Waterfront, Century City and Claremont


Rest

Cape Town Beachfront, Wine Route, Table Mountain, The V & A Waterfront, Sporting activities such as Rugby and Cricket, Camps Bay and Clifton


And be seen

Eat

Clarke’s Bar & Dining Room, The Test Kitchen, Harbour House, 1890 House Sushi & Grill, The Odyssey Gastropub, Kitima, Thali and Bouchon Wine Bar & Bistro, to name but a few


Drink

Café Caprice, Pakalolo Blouberg, Oblivion, The Brass Bell, The Waiting Room, Perseverance Tavern, La Parada, Shimmy Beach Club, Grand Africa Cafe & Beach and many others


Be Merry

Robben Island, Climb Table Mountain, Stellenbosch Wine Route, Learn to Surf, Cape Point


Other Cities in South Africa

Contact Us

Sean Berowsky
14th floor, The Terraces Building, 34 Bree Street,
Cape Town, 8001
+27 21 446 1823 | sberowsky@broll.com