Cape Town Commercial Property Rental Rates

Current asking rental rates per square metre for commercial property to let in Cape Town, computed live from every active listing in the Brightwave portfolio. These are asking rates on currently available space, not achieved rentals, and they update as our brokers list and let property.

Data snapshot: 16 September 2026. Figures are gross asking rates per m2 per month in South African Rand.

Asking rates by property type

Property typeAvailable unitsLowest R/m2Average R/m2Highest R/m2Average size
Industrial & Warehouse141R30R99R2001 703 m2
Office713R50R195R1 396596 m2
Retail105R69R282R1 273281 m2

Industrial & Warehouse asking rates by area

Areas with at least 3 available units. Browse all live stock on the industrial & warehouse directory.

AreaAvailable unitsLowest R/m2Average R/m2Highest R/m2
Montague Gardens19R84R101R153
Fisantekraal15R55R100R120
Airport Industria10R75R100R120
Stikland8R85R103R125
Paarden Eiland8R75R94R135
Woodstock8R75R123R140
Killarney Gardens7R77R84R91
Epping7R60R87R95
Atlantic Hills6R125R125R125
Atlas Gardens6R90R97R105
Marconi Beam6R85R100R122
Salt River5R80R91R110

Office asking rates by area

Areas with at least 3 available units. Browse all live stock on the office directory.

AreaAvailable unitsLowest R/m2Average R/m2Highest R/m2
Cape Town CBD185R75R183R625
Foreshore67R150R203R302
Woodstock58R85R159R320
Claremont44R95R202R311
Century City43R155R224R300
Salt River27R110R136R150
Observatory27R94R181R340
Tyger Valley21R69R175R245
V&A Waterfront21R250R338R565
Pinelands20R125R222R362
Gardens18R120R182R280
Green Point15R150R388R750

Retail asking rates by area

Areas with at least 3 available units. Browse all live stock on the retail directory.

AreaAvailable unitsLowest R/m2Average R/m2Highest R/m2
Cape Town CBD31R135R285R451
Westlake15R220R293R650
Durbanville7R120R227R320
Rondebosch6R135R417R950
Claremont5R175R231R280
Woodstock4R140R234R346
Gardens4R145R242R438
Tyger Valley4R226R323R500
Foreshore3R230R265R314

How these figures are calculated

Every figure on this page is computed directly from the live Brightwave portfolio at the time of the data snapshot. We include only property that is currently listed to let and publicly visible on this website, we use gross asking rates per m2 per month, and we exclude obviously erroneous entries outside a plausibility band of R10 to R1,500 per m2, which removes rows where a total monthly rental was captured in place of a rate per m2. Per-area rows require at least 3 available units so no single landlord's asking rent is presented as an area statistic.

Asking rates are what landlords advertise, not what deals close at. Achieved rentals are typically negotiated below asking, and incentives such as tenant installation allowances and rent-free periods change the effective rate. For a view on what a specific requirement should cost, contact our brokers.

Compiled and reviewed by Marnitz van den Bergh, Co-founder, Brightwave Property. Source: live Brightwave portfolio data. Snapshot taken 16 September 2026.

Need a rate check on a specific requirement?

Our brokers benchmark asking versus achieved rates on live deals every week.

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