Now in its fourth edition, the report reflects on the economic activities that took place in Central Cape Town in 2015, as well as commercial and residential property trends.
INFOGRAPHIC: The future of Cape Town
The CCID is a non-profit, public-private partnership that was formed by local property owners who wanted Cape Town to once again take its rightful place as a safe and “open for business” environment.
INFOGRAPHIC: Cape Town boom town
In recent years, Cape Town has once again become renowned as one of the most vibrant and safest CBDs.
A range of business sectors operates in the Cape Town Central Business District (CBD). In an area of 1,6 km² the CBD has:
– 1 200 formal retail business;
– 900 informal trading businesses;
– more than 6 000 residents.
A quarter of the broader City of Cape Town’s entire economy takes place in the central city, while 30% of the total workforce is situated there.
Cape Town has in the past years become the top hiring hub for start-up and technology firms and more than 50% of start-up jobs are being advertised in Cape Town, as opposed to 34% in Johannesburg.