Tourism is good for the commercial sector - Foreshore - Cape Town
Category Commercial Property News
It's no secret that Cape Town is one of the world's leading tourist destinations. Over the years, this city has been awarded various prizes and accolades that have set the city apart in terms of facilities and activities for tourists to enjoy. Even with a water crisis and other issues revolving around the South African economy, Cape Town still seems to grow exponentially year in and year out and is often referred to as one of Africa's most talked of cities. According to South African Commerical Property News, Cape Town is still considered to be one of the world's leading hotel destinations. How does this translate to other sectors of the economy, including the commercial property market?
"Cape Town remains the country's top tourist destination. The city was named the World's Leading Festival and Events Destination at the 2018 World Travel Awards in Lisbon, and the International Congress and Convention Association ranked the Mother City as the best business tourism city in Africa". - http://www.sacommercialpropnews.co.za/south-africa-provincial-news/western-cape/8878-cape-town-hotel-market-still-extremely-favourable.html
It's widely known that tourism has spin offs for other sectors of the economy. This is why when a country has a robust tourism industry, opportunities are created for normal citizens and in turn, this creates a balanced environment where a city becomes a great place to live and work.
"Tourism no doubt brings with it tremendous economic value for a country. It touches and impacts several industries directly and many more indirectly through tourism spend. Tourism is one of the important sources of employment generation and foreign exchange earnings for a country".
-http://www.market-width.com/blogs/Importance-Tourism-Industry-Economic-Value.htm
The tourism industry of the mother city and the Foreshore expanse has prompted a lot of commercial interest as well as inspiring a culture of commerce for the city. This has led to credible commercial property companies investing in the city. One such company is OfficePlace, who currently have 122 listed properties available in the central areas of Cape Town. All these properties are perfect for commercial and office purposes and range in price and size to suit anyone's budget or operational needs.
"Even though South Africa's technical recession and the Western Cape drought, foreign tourism rose by 2.4% in 2017, building on a 12.8% increase in 2016, while domestic travel showed the greatest increase since 2014, rising 4.2% in 2017". -http://www.sacommercialpropnews.co.za
This is all proof that Cape Town is holding strong as one of the world's best cities in terms of commercial industry and tourism. This coupled with some of the most breathtaking scenery on the planet you have a clear winner for all facets of a comfortable living and working environment. Sun, surf, mountains and great places to both work and play make Cape Town and the Foreshore node unforgettable.
It would seem that there really couldn't be a better time to invest in the Forsehore area of the mother city of Cape Town. With leading commercial property brokerage OfficePlace it really couldn't be easier. Pick up the phone today and get in contact with one of their highly skilled and regarded brokers, to get all the relevant information on what is available in the Cape Town central business district or Foreshore expanse. It really couldn't be easier, take out the hassle and go with the best in the commercial real estate property business, go with OfficePlace.
Author: OfficePlace
