Airport Industria keeps Cape logistics moving
Airport Industria remains one of Cape Town's most strategically located commercial nodes because it sits next to Cape Town International Airport with direct access to the N2, R300 and the city's broader freight network. The market is led by industrial and logistics occupiers, while office supply is thin and dedicated retail is minimal, which keeps landlord pricing power strongest in modern warehouse stock.
Q2 2026 Snapshot
office Market
R205/m²
Best Asking Office Rent
As of Q2 2026
Current quoted range:R145/m² - R205/m²
Active office listings located:2
Marketed office space:554 m²
Observed building grade mix:A-grade only in current sample
industrial Market
R120/m²
Prime Big-Box Asking Rent
As of Q2 2026
Current prime range:R105/m² - R140/m²
Secondary micro-bay range:R74/m² - R105/m²
Vacancy signal:Effective zero-vacancy in prime stock
Current marketed industrial stock:19 API listings plus 120+ portal advertisements
New-build pipeline:Skyhawk 4 000 - 8 Size on request plus Pallotti custom-build options
retail Market
0 listings
Dedicated Retail Listings Found
As of Q2 2026
Dedicated retail stock on portals:0
Trade-counter bias:Retail mostly embedded in industrial or showroom stock
Walk-in retail depth:Very limited
Best proxy commercial rent:R145/m² - R205/m² office or showroom stock
Economic Context
7.00%
Repo Rate
Raised by 25 bps in May 2026
As of May 2026
10.50%
Prime Lending Rate
Higher after the May 2026 repo increase
As of June 2026
4.50%
Headline CPI
Rose from 4.0% in April 2026 to 4.5% in May 2026
As of May 2026
89.11%
CTIA On-Time Performance
May 2026 stood above 2026 year-to-date performance of 88.17%
As of May 2026
Key Market Trends
Prime logistics space stays scarce
Airport Industria continues to behave like a supply-constrained airport-logistics node rather than a conventional industrial suburb. The most consistent public evidence is the clustering of marketed stock in smaller multi-let units, the scarcity of institutional-grade boxes, and broker commentary that prime parts of the node are effectively at zero vacancy.
- Anvil identifies Airport Industria as a zero-vacancy or effectively zero-vacancy Cape logistics node.
- Current public inventory is dominated by small and mid-bay units, while large-format options are concentrated in only a handful of buildings.
- Prime marketed rents now reach roughly R120 - R140/m² in modern logistics stock.
- Spear REIT's FY2026 Airport Industria industrial asset reported no vacant area at 28 February 2026.
Development is resetting the rental ceiling
New-build and build-to-suit schemes are shifting the pricing ceiling higher in Airport Industria. The newest Skyhawk and Pallotti-linked opportunities show that occupiers are now being asked to pay for prime spec, sustainability features and truck-efficient layouts in a node with very little interchangeable land.
- 10 Skyhawk Close is marketed as a new development with 4 000 - 8 000 m² flexibility at about R140/m².
- Skyhawk Unit 2 is marketed at R131/m², confirming a premium for new-generation airport stock.
- Golf Air Park 2 still offers strong spec at around R110/m², showing the spread between top-tier and earlier institutional product.
- ACSA's Cape Town International infrastructure programme adds a longer-term precinct catalyst, led by a new main runway estimated at roughly R6.39 billion.
Secondary units remain deeply tradeable
Airport Industria's smaller and older stock is still liquid because businesses value the location more than perfect specifications. That keeps secondary units active even when they lack deep yards, full sprinklering or premium office content.
- Ruco Park units around 204 - 210 m² are marketed around R74/m².
- Boston Park's 300 m² unit is asking roughly R85/m².
- CTX Business Park and similar small-bay stock are clearing around R95 - R105/m² depending on loading and office balance.
- Spear's stabilised Airport Industria asset averaged R77/m² in FY2026, which is a useful secondary-stock reference point.
Office and retail are side markets
Airport Industria's commercial identity remains decisively industrial. Office supply is very thin, high-quality and small in absolute terms, while dedicated retail is effectively absent from public market inventory and survives mainly through trade-counter, showroom and airport-serving formats.
- Property24 showed only two Airport Industria commercial listings in the current office sample.
- Those two office listings total only 554 m² and both are A-grade.
- Quoted office rents range from R145/m² to R205/m², but depth is too thin to call it a broad office market.
- No dedicated retail listings were identified on the main portals used for this review.
Notable Transactions
Skyhawk Close Development
2026-06-14 • Development
R140/m²
A new Airport Industria development marketed from 10 Skyhawk Close is offering build-to-suit warehouse solutions from roughly 4 000 m² to 8 000 m², with Green Star targeting and A-grade office content. It is the clearest public indicator of the current top end of Airport Industria's rent curve.
32 Montreal Drive
2026-07-01 • Lease
R120/m²
This 5 846 m² logistics facility is marketed as a large-format lease in Airport City with 12 m eaves, eight on-grade roller doors and N2 exposure. It shows where functional big-box warehouse stock is being priced in the node.
2 Gulfstream Avenue
2026-06-24 • Lease
R114/m²
A 4 209 m² Airport City warehouse is publicly marketed for logistics and distribution users needing racking capacity and superlink movement. Its asking level sits just below the top-end Skyhawk and Montreal benchmarks.
Golf Air Park 2 Unit 1
2026-08-01 • Lease
R110/m²
The 3 213 m² Bahrain Drive warehouse illustrates the premium but still tenant-friendly mid-box band in Airport Industria. It remains below the newest build-to-suit rentals while retaining institutional-grade specification.
Pallotti Road Secure Industrial Site
2026-07-03 • Sale
R52,227,000
Current Airport Industria commercial sales inventory includes a secure industrial site opportunity on Pallotti Road, reflecting continuing investor appetite for scarce airport-adjacent land. The listing reinforces that development-capable parcels remain strategic and tightly held.
Unit 7 Glenkey Place
2026-01-23 • Sale
R2,460,000
Airport Property reported the January 2026 sale of a 219 m² sectional title unit in Airport City to a private investor, followed shortly by leasing at full asking rental. It is a useful signal that smaller airport-precinct industrial product still attracts capital quickly when priced realistically.
Tight supply should keep rents firm
Airport Industria's medium-term outlook remains positive because demand is still concentrated in a node with very limited substitutable land and direct airport access. Industrial should stay the dominant outperformer, while office remains niche and retail stays ancillary to airport, showroom and trade-counter activity.
Industrial
Industrial should remain the conviction sector in Airport Industria. Prime vacancy signals are still exceptionally tight, new development is limited and top-spec rents have moved into the R120 - R140/m² band for modern logistics stock. Smaller bays are still active because many occupiers prioritise location over perfect specification. If airport-linked infrastructure keeps advancing and freight demand holds, the node should continue to outperform older inland industrial precincts on rent resilience. The main constraint is deliverable land and the cost of replacing stock at current build prices.
Office
Office remains a side market, but not a weak one. The current public sample is tiny, concentrated in A-grade premises and priced higher than many occupiers would expect for an industrial precinct. That suggests Airport Industria offices work best for aviation services, regional management teams and logistics-linked corporates rather than general office demand. Expect low transactional volume, thin comparability and a continued premium for ready-to-occupy, well-secured suites near the airport.
Retail
Retail in Airport Industria is likely to remain functional rather than destination-led. Demand is most relevant where stock can serve airport workers, motorists, trade-counter users or on-site industrial staff. The absence of dedicated public retail listings suggests very little institutional retail depth in the node itself. Investors should therefore treat retail as an ancillary use attached to industrial campuses or the airport ecosystem, not as a standalone suburb-scale retail market.
Investment Considerations
Opportunities
- Acquire or develop scarce prime logistics stock near the airport where public evidence points to effective zero-vacancy conditions.
- Target refurbishable secondary units in the R74 - R95/m² band where location still supports strong tenant take-up.
- Assemble or secure airport-facing development land before more expensive build-to-suit product resets market norms.
- Buy small sectional industrial units for private-investor strategies, especially where leasing risk is low and tenant depth is strong.
- Pair industrial assets with trade-counter, showroom or service-office components rather than pure general office product.
Risks
- Very limited comparables make rent discovery noisy, especially outside the industrial core.
- Build costs and borrowing costs remain elevated relative to the rent base for speculative development.
- Traffic congestion and low walkability can constrain labour access despite excellent freight connectivity.
- Dedicated retail and residential depth is too thin to support mixed-use assumptions without careful pre-leasing.
Building Directory
15 commercial buildings surveyed in Airport Industria
Building specifications are based on available market data. GLA, parking, and rental figures should be confirmed with the landlord or leasing agent during due diligence.
Grade PSkyhawk Park Unit 1
1 Skyhawk Park, 16 Manhattan Street, Airport Industria
Skyhawk Park Unit 1 in Airport Industria is a premium logistics warehouse aimed at occupiers that need modern throughput efficiency next to Cape Town International Airport. The property offers wide truck circulation, multiple delivery bays, sprinkler protection and strong arterial access to the N2 and R300. In a node where prime vacancy is extremely tight, this building stands out for large-format warehousing, courier operations and distribution users who need operational speed, secure access and a recognisable airport-facing address.
GLA4,175 m²
Floors1
Parking20 bays (0.5:100)
RentalR140 - R146/m²
18 truck delivery bays with canopyFull sprinkler system3-phase 200A powerLarge 5 141 m² site with superlink circulation24-hour access-controlled environment
"One of the strongest pure logistics offerings currently marketed in Airport Industria. It suits high-throughput distribution users that value truck efficiency over decorative office content."
Grade PSkyhawk Close Unit 2
Skyhawk Close, Airport Industria
Skyhawk Close Unit 2 is a new-generation Airport Industria warehouse that gives occupiers premium airport-node positioning without forcing them into a very large box. The property is designed for efficient logistics, distribution and manufacturing uses, while still providing quality office content and modern services such as fibre. With direct access to Cape Town International Airport and the main freight corridors, this unit is well suited to tenants wanting a polished corporate image, functional warehousing and scarce modern industrial space in Cape Town.
GLA3,789 m²
Floors1
Parking18 bays (0.5:100)
RentalR131 - R140/m²
AAA-style new developmentFibre connectivityBus and minibus-taxi accessibilityA-grade office componentFlexible warehouse design for tenant fit-out
"This is a premium choice for occupiers seeking new-generation airport logistics space without taking an 8 000 m² box. It should appeal to national tenants that need modern specs and a strong precinct image."
Grade PSkyhawk Close Development
10 Skyhawk Close, Airport Industria
The Skyhawk Close Development is one of the most important current industrial opportunities in Airport Industria because it shows where the next wave of airport-linked logistics stock is being priced. Planned as a modern build-to-suit facility with Green Star intent and contemporary offices, it is suited to occupiers needing scale, visibility and custom operational design. For businesses that depend on airfreight adjacency, truck access and long-term occupation in a tightly supplied Cape Town node, this development is a standout option.
GLA8,000 m²
Floors1
Parking40 bays (0.5:100)
RentalR140/m²
Build-to-suit from 4 000 m² to 8 000 m²Green Star targetHigh-exposure airport node locationA-grade offices plannedLarge-format logistics planning
"This is the clearest expression of where top-end Airport Industria rents are heading. It is best suited to anchor tenants able to lock in a bespoke facility in a land-constrained node."
Grade PGolf Air Park 2 Unit 1
Unit 1, Golf Air Park 2, 17 Bahrain Drive, Airport Industria
Golf Air Park 2 Unit 1 delivers P-grade Airport Industria warehousing for occupiers that need institutional-quality space but do not want to pay the full new-build premium seen in the latest developments. The strong eaves height, secure park environment and strategic Bahrain Drive positioning make it attractive to logistics, freight and aviation-linked users. With direct access to the airport and the major road network, the building offers a strong balance of practicality, operational credibility and cost discipline in Cape Town's airport precinct.
GLA3,213 m²
Floors1
Parking16 bays (0.5:100)
RentalR110 - R111/m²
P-grade warehouse14 m eavesSecure park settingGI1 zoningAirport-facing industrial precinct
"Golf Air Park remains a strong institutional-style option for mid-box occupiers needing clean warehouse depth and a recognised airport precinct address. It is more affordable than the newest Skyhawk offerings while keeping strong spec credentials."
More Commercial Buildings
Grade A32 Montreal Drive
32 Montreal Drive, Airport Industria
32 Montreal Drive is one of the clearest large-format warehouse offerings currently visible in Airport Industria. The property combines extensive ware...
GLA5,846 m²
Floors2
Parking30 bays (0.5:100)
RentalR120/m²
4 696 m² warehouse plus 1 150 m² offices12 m eavesEight on-grade roller shutter doorsMobile dock leveller
"A genuine big-box alternative in a node where very little comparable product is openly marketed. It suits courier, freight and contract-logistics operators comfortable with a higher-spec rental profile."
Grade A2 Gulfstream Avenue
2 Gulfstream Avenue, Airport Industria
2 Gulfstream Avenue offers a modern Airport City warehouse specification in a size bracket that is hard to replace in Airport Industria. The building ...
GLA4,209 m²
Floors2
Parking22 bays (0.5:100)
RentalR114/m²
Large standalone logistics warehouseSuperlink-capable circulationRacking-friendly designMultiple dock points
"This asset sits in the sweet spot between modern functionality and practical size. It is especially attractive for occupiers that need productivity rather than CBD-style finishes."
Grade A107 Manhattan Street
107 Manhattan Street, Airport Industria
107 Manhattan Street is one of the most functionally complete airport-node properties in current public marketing. It combines a high-clearance wareho...
GLA3,718 m²
Floors4
Parking58 bays (1.6:100)
RentalR106/m²
12 m warehouse heightFour dock levellers plus ramp access450A three-phase powerPump-fed sprinkler system
"This is a powerful logistics-and-head-office hybrid, offering unusually deep office content for the node. It works well for occupiers that need operations, admin and fleet control in one envelope."
Grade AG-Force Park Units 1 and 2
G-Force Park, 55 Manhattan Street, Airport Industria
G-Force Park Units 1 and 2 provide an appealing Airport Industria balance between warehouse function and office presence. Located on Manhattan Street ...
GLA656 m²
Floors2
Parking8 bays (1.2:100)
RentalR90/m²
240 m² office componentEight parking bays24-hour access-controlled parkN2 branding exposure option
"A practical mid-size unit for occupiers wanting a strong office bias and airport-node branding. Rental is comparatively reasonable for Manhattan Street frontage."
Grade A17 Tower Street Offices
17 Tower Street, Airport Industria
17 Tower Street represents the top end of Airport Industria's small office market. The premises are A-grade, fitted with fibre and air-conditioning, a...
GLA349 m²
Floors3
Parking14 bays (4.0:100)
RentalR205/m²
A-grade office finishFibre connectivityAir-conditioningAlarm plus 24-hour access
"This is top-end office stock for the precinct, priced for users that value image and immediate airport access over cheap space. Suitable for aviation services, regional management or back-office functions tied to logistics users nearby."
Grade B23 Concorde Crescent Offices
23 Concorde Crescent, Airport City, Airport Industria
23 Concorde Crescent gives smaller occupiers an efficient Airport City office solution in a node where office supply is limited and generally tied to ...
GLA205 m²
Floors1
Parking8 bays (3.9:100)
RentalR145/m²
A-grade-rated office suite within mixed commercial setting205 m² GLAGeneral Business zoningAirport City location
"A compact, efficient office option that works for small teams needing proximity to the airport without taking full-floor commitments. It is better suited to service firms than to pure corporate headquarters functions."
Grade BCTX Business Park G5
CTX Business Park, 16 Manhattan Street, Airport Industria
CTX Business Park G5 is a compact Airport Industria unit that offers the sort of functionality many smaller logistics and service users actually need....
GLA404 m²
Floors2
Parking4 bays (2.0:100)
RentalR105/m²
Mezzanine office componentCovered loading area80A three-phase power24-hour manned security
"CTX remains one of the most liquid multi-let micro-distribution parks in the node. This unit should move well with freight, courier and service-industry tenants."
Grade BManhattan Park Unit 4
Manhattan Park, 36 Manhattan Street, Airport Industria
Manhattan Park Unit 4 is a well-sized Airport Industria warehouse for smaller occupiers needing a secure park environment, useful office content and a...
GLA272 m²
Floors2
Parking4 bays (1.5:100)
RentalR95/m²
Recently refurbished secure parkDouble-storey office component40A three-phase powerGenerator-ready configuration
"This asset offers a strong functional balance for smaller occupiers that need presentable offices with low operational complexity. It is a dependable mid-market selection rather than a prestige address."
Grade C5 Boston Park
5 Boston Park, Boston Circle, Airport Industria
5 Boston Park offers practical Airport Industria space at a more affordable rental point than the node's newer logistics buildings. The warehouse is s...
GLA300 m²
Floors1
Parking2 bays (0.7:100)
RentalR85/m²
Reception areaSingle roller shutter door3 m door clearanceTwo open parking bays
"This is affordable, functional stock for price-sensitive occupiers. It lacks the specification of prime airport product but stays relevant because Airport Industria alternatives are limited."
Grade C13 Ruco Park
13 Ruco Park, Boston Circle, Airport Industria
13 Ruco Park is a compact Airport Industria warehouse that fits the profile of many SME occupiers looking for airport-linked access at a manageable mo...
GLA210 m²
Floors2
Parking6 bays (3.0:100)
RentalR74 - R80/m²
4.3 m roller shutter door35A three-phase powerMezzanine floor24-hour secure park
"Ruco Park is exactly the sort of secondary micro-unit stock that stays busy when larger nodes are undersupplied. It is attractive to smaller firms focused on access rather than image."
Grade C11 Ruco Park
11 Ruco Park, 18 Boston Circle, Airport Industria
11 Ruco Park is one of the stronger value-led mini-warehouse options in Airport Industria because it combines location, visibility and practical indus...
GLA204 m²
Floors2
Parking6 bays (3.0:100)
RentalR74 - R80/m²
Double-volume interior4.3 m roller shutter door40A three-phase powerRobert Sobukwe Drive visibility
"This is one of the best-value small units in the node for occupiers who still want Airport Industria positioning. Visibility to Robert Sobukwe also helps branding and walk-in trade potential."
Rental Rates by Building Grade
Office rental rates in Airport Industria (R/m²/month)• As of Q2 2026
| Grade | Asking (R/m²) | Achieved (R/m²) | Trend | Notes |
|---|
| Premium | R110/m² - R140/m² | R105/m² - R135/m² | ↑+8% | Estimated from current public asks at Golf Air Park and Skyhawk-linked developments. Achieved rents are inferred at a small discount to quoting levels because Airport Industria has no public closed-lease register. |
| A Grade | R90/m² - R120/m² | R88/m² - R115/m² | ↑+6% | Airport Industria A-grade asks were observed across 32 Montreal Drive, 2 Gulfstream Avenue, 107 Manhattan Street and airport-facing A-grade offices. Achieved range is estimated from current quotes and tight node conditions. |
| B Grade | R95/m² - R105/m² | R90/m² - R100/m² | ↑+4% | Estimated from CTX Business Park, Manhattan Park and comparable mid-market stock in Airport Industria. Public evidence suggests a firmer tone rather than heavy incentives. |
| C Grade | R74/m² - R85/m² | R72/m² - R80/m² | →+2% | Estimated from Ruco Park and Boston Park asks, with Spear REIT's FY2026 Airport Industria asset at R77/m² used as a stabilised secondary benchmark. Growth was likely modest rather than explosive in this segment. |
Residential Property Market
Residential property prices and trends in Airport Industria• As of Q2 2026
Transport & Accessibility
Public transport and commute times from Airport Industria
Public Transport Routes
🚌A01 Airport - Civic Centre
Temporarily suspended
To: Cape Town CBD, Cape Town International Airport
🚐Airport precinct bus and minibus-taxi services
Regular daytime informal service
To: Airport Industria, surrounding labour catchments, airport terminal precinct
Estimated Commute Times
Drive times are indicative averages and vary with traffic, route, and time of day.
| Destination | Distance | Peak Traffic | Off-Peak |
|---|
| Cape Town International Airport | 2 km | 5 min | 4 min |
| Cape Town CBD | 18 km | 30 min | 18 min |
| Bellville | 10 km | 18 min | 12 min |
| Epping Industria | 8 km | 15 min | 11 min |
🚶Walkability: Low
Airport Industria is a freight-first precinct with superblocks, yards, large building setbacks and fast-moving arterial roads. Staff can walk within individual parks, but the node is not naturally pedestrian-friendly between buildings or across Manhattan, Montreal and airport-edge routes.
🚍Transit Access: Medium
The precinct is reachable by bus and minibus-taxi services and sits beside the airport transport plaza, but the dedicated MyCiTi airport service remains suspended. Public transport access exists, yet it is not as seamless as the road network for private vehicles, fleet operations or staff shuttles.
Last Updated: July 2026•Next Update: October 2026