Industrial properties around Cape Town International Airport are doing extremely well, and for very good reasons. The area is very centrally located and provides industry with quick access to the Cape Town CBD and Southern Suburbs via the N2, and access to the Northern Suburbs and the Parow industrial area by way of the Modderdam Road. The area’s proximity to the N2 also puts Somerset West’s industrial node within easy reach.
This makes the airport industrial area ideally suited to light industry, wholesale warehousing and distribution, as well as companies in the business of export/ import goods or providing freight services. Pick ’n Pay, one of the country’s largest retailers, for instance has the area north of the airport earmarked for its 80 000m2 Western Cape Distribution Centre.
The Airports Company South Africa (ACSA) is also developing an industrial development zone to attract light industries that produce high value goods. Typical industries would include those in the electronic, pharmaceutical, bio-medical, technology, aerospace and chemical fields. The industrial node would also be highly suited to logistics and service companies.
Commercial Space has recently added the old Adidas Warehouse in Airport City to its books. This prime property of 2 200m2 is available at R60/m2. Airport City is a very attractive secure development with access to the N2 and Borcherds Quarry Road.
Smaller properties available for rent in Airport Industria include:
- CTX Business Park (480m2) for R45/m2
- Sky Park (259m2) for R37/m2
- Mobile Road warehouse (1 1000m2) for R40/m2 (Exposure onto AIRPORT APPROACH Road)
- Golf Air Park (729m2) for R28/m2
According to SAPOA’s Biannual Property Indicator, Cape Town’s three most popular industrial development nodes are Airport City, Brackengate Business Park, and Sheffield Park. The latter development lies between Lansdowne Road and the N7. Vacancy rates are very low in these nodes, with very little land available for sale. The persistent demand for industrial property in these areas is expected to put some pressure on rentals.