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: 1 November 2026. Figures are gross asking rates per m2 per month in South African Rand.
Asking rates by property type
| Property type | Available units | Lowest R/m2 | Average R/m2 | Highest R/m2 | Average size |
|---|---|---|---|---|---|
| Industrial & Warehouse | 153 | R30 | R99 | R200 | 1 657 m2 |
| Office | 769 | R50 | R197 | R1 396 | 602 m2 |
| Retail | 110 | R69 | R276 | R1 273 | 291 m2 |
Industrial & Warehouse asking rates by area
Areas with at least 3 available units. Browse all live stock on the industrial & warehouse directory.
| Area | Available units | Lowest R/m2 | Average R/m2 | Highest R/m2 |
|---|---|---|---|---|
| Montague Gardens | 20 | R84 | R102 | R153 |
| Fisantekraal | 15 | R55 | R100 | R120 |
| Airport Industria | 9 | R75 | R98 | R120 |
| Epping | 9 | R60 | R86 | R95 |
| Woodstock | 9 | R75 | R121 | R140 |
| Stikland | 8 | R85 | R105 | R130 |
| Paarden Eiland | 8 | R75 | R94 | R135 |
| Killarney Gardens | 7 | R77 | R84 | R91 |
| Brackenfell | 7 | R85 | R111 | R125 |
| Atlantic Hills | 6 | R125 | R125 | R125 |
| Atlas Gardens | 6 | R90 | R97 | R105 |
| Marconi Beam | 6 | R85 | R100 | R122 |
Office asking rates by area
Areas with at least 3 available units. Browse all live stock on the office directory.
| Area | Available units | Lowest R/m2 | Average R/m2 | Highest R/m2 |
|---|---|---|---|---|
| Cape Town CBD | 197 | R75 | R184 | R625 |
| Foreshore | 73 | R150 | R205 | R350 |
| Woodstock | 61 | R85 | R157 | R320 |
| Century City | 51 | R150 | R228 | R318 |
| Claremont | 49 | R95 | R205 | R311 |
| Tyger Valley | 30 | R69 | R180 | R245 |
| Observatory | 27 | R94 | R192 | R340 |
| Salt River | 25 | R90 | R136 | R165 |
| V&A Waterfront | 22 | R300 | R346 | R565 |
| Pinelands | 20 | R125 | R222 | R362 |
| Gardens | 19 | R120 | R184 | R280 |
| Green Point | 17 | R150 | R399 | R750 |
Retail asking rates by area
Areas with at least 3 available units. Browse all live stock on the retail directory.
| Area | Available units | Lowest R/m2 | Average R/m2 | Highest R/m2 |
|---|---|---|---|---|
| Cape Town CBD | 32 | R135 | R286 | R451 |
| Westlake | 12 | R220 | R306 | R650 |
| Durbanville | 7 | R120 | R227 | R320 |
| Rondebosch | 6 | R135 | R417 | R950 |
| Gardens | 5 | R145 | R274 | R438 |
| Claremont | 5 | R175 | R231 | R280 |
| Woodstock | 4 | R130 | R199 | R346 |
| Mitchells Plain | 3 | R69 | R110 | R190 |
| Foreshore | 3 | R180 | R248 | R314 |
| Bellville Central | 3 | R120 | R123 | R130 |
| Paarden Eiland | 3 | R128 | R181 | R256 |
| Tyger Valley | 3 | R226 | R329 | R500 |
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, Founder, Brightwave Property. Source: live Brightwave portfolio data. Snapshot taken 1 November 2026.
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