Table of contents

1. Introduction

• • Unveiling Salt River
  • Location, Logistics and Economic Significance

2. Why to invest – Market potential, Growth and Development

3. What is on offer

• • Commercial Opportunities
  • Industrial Opportunities

4. Market trends and demographics – what's going on

5. Featured points

6. Dining Out

7. Summary

• • Why Salt River is the ideal location for your business requirements

Discover Salt River: A Growing Investment

Unveiling Salt River

The Salt River area is a vibrant and diverse neighbourhood located in Cape Town, South Africa. It is situated close to the city centre and has a rich history and cultural significance. Salt River was originally a marshy area with salt pans, which gave the neighbourhood its name. It was once the industrial epicentre of Cape Town, known for its industrial and commercial properties due to its historical roots in manufacturing and trade. Over the decades, it has gone through highs and lows, which have left it with plenty of character and a story to tell. Over the years, it developed into a mixed-use area with residential, industrial, and commercial spaces. Salt River has been experiencing a transformation in recent years, making it an "upcoming" or emerging area. This transformation has attracted attention due to its evolving urban landscape, creative community, and growing investment.

Location, Logistics and Economic Significance

Salt River is in the Cape Town metropolitan area, just a few kilometres east of the city centre. It is easily accessible from the city via the N1 highway and is also well-connected by public transportation, including buses, minibus taxis and trains.

The location of your business should be considered carefully, as it can significantly impact your business. Salt River's proximity to the city centre, major roads, and transportation hubs can be advantageous for logistics and customer access. Although Salt River is not a waterfront neighbourhood, it has good transportation links to Cape Town Harbor. The harbour is easily accessible by road, and there are well-developed transportation routes connecting Salt River to the port area.

Why to invest – Market Potential, Growth and Development 

The area has seen a surge in mixed-use developments, combining residential, commercial, and retail spaces. This trend aligns with modern urban living preferences and can provide diverse investment opportunities. Salt River has emerged as a creative and tech hub, attracting startups, artists, and entrepreneurs. This growth can foster innovation and entrepreneurial activities, potentially leading to higher rental yields and property values. The ongoing gentrification of Salt River, with the conversion of old industrial spaces into modern apartments and workspaces, could increase property values and rental income. It is important to note that the real estate market can be subject to fluctuations, and investment decisions should be made after conducting thorough market research, financial analysis, and consulting with real estate professionals. The neighbourhood hosts cultural events, markets, and festivals that draw visitors and residents alike. These activities can contribute to increased foot traffic and demand for local businesses. While past performance is not indicative of future results, the transformation of Salt River and its proximity to Cape Town's economic activities offers the potential for property appreciation over time.

What is on offer

Commercial Opportunities

Salt River, Cape Town, is known for its commercial and industrial properties due to its historical roots in manufacturing and trade. It is important to stay up to date with the property market to find the most current information, as the market can change over time.

Commercial spaces in Salt River, as in many urban areas, include several types of office spaces to suit diverse needs and preferences. These office spaces' availability may vary depending on the area of Salt River. You will find various options suited to your needs and budget, from C-grade offices with rentals between R 70 and R 80 per sqm, B-grade offices usually fall within the R 80-R120 per sq.m range and AAA Grade office spaces, ideal for businesses seeking premium amenities available at R 170-R250 per sq.m.

Here are some common types of office spaces you may find:

• Traditional Office Spaces: These are standard, privately leased office spaces in commercial buildings. They typically include individual offices, meeting rooms, and communal areas. Traditional offices provide more privacy and customization options.
• Co-Working Spaces: Co-working spaces offer flexible office solutions where individuals and small businesses can rent desks, workstations, or private offices on a short-term basis. They often include amenities like high-speed internet, communal areas, and meeting rooms.
• Serviced Offices: Serviced offices are fully furnished and equipped with various services like reception, cleaning, maintenance, and utilities included in the rent. They are ideal for businesses looking for turnkey solutions.
• Shared Office Spaces: Shared office spaces are like co-working but may have a more community-focused atmosphere. They often cater to specific industries or niches, fostering collaboration among members.
• Retail/Office Spaces: Some properties in Salt River may offer mixed-use spaces that combine retail and office elements. These spaces can be suitable for businesses that want to showcase products while also having office facilities.
• Creative and Tech Hubs: Depending on the area, you may find creative or tech hubs that cater to companies in the creative or technology industries. These spaces often have a unique, inspiring design.
• Home Offices: Some businesses in Salt River may operate from home offices, especially if they are small startups or sole proprietors. Home offices can be cost-effective but may lack certain amenities.

Industrial Opportunities

Salt River offers a variety of industrial properties, including warehouses, factories, workshops, and manufacturing facilities. The availability and suitability of these properties will vary based on your specific business needs. These industrial spaces' availability may vary depending on the area of Salt River. You will find various options suited to your needs and budget, from C-grade warehouses with rentals between R 50 and R 80 per sqm, B-grade warehouses usually fall within the R 80-R100 per sq.m range and AAA Grade warehouse spaces, ideal for businesses seeking premium amenities and showroom opportunities available at R 100-R150 per sq.m.

Here are some common types of warehouse spaces you may find in the Salt River area:

• Distribution Warehouses: These warehouses are designed for efficient storage and distribution of goods. They often have loading docks and ample space for storing and sorting products.
• Storage Warehouses: Storage warehouses are typically used for the long-term storage of goods and equipment. They may lack the advanced features found in distribution centers but offer affordable storage solutions.
• Flex Warehouses: Flex warehouses are versatile spaces that can be adapted for a range of uses. They often combine office or retail space with warehouse storage, making them suitable for businesses with multiple needs.
• Cold Storage Warehouses: Cold storage warehouses are designed to store perishable goods at controlled temperatures. They are equipped with refrigeration and freezer systems and are commonly used in the food industry.
• High-Bay Warehouses: High-bay warehouses have tall ceilings and are optimized for vertical storage with the use of racks and automated storage systems. They are ideal for businesses with high-density storage requirements.
• Manufacturing Warehouses: Some warehouse spaces in Salt River may be suitable for manufacturing operations. These spaces have features like high ceilings, wide-open floor plans, and access to utilities for production equipment.
• Mini Warehouses or Self-Storage Units: Mini warehouses are smaller, individual storage units within a larger facility. They are commonly used by individuals and businesses for personal or short-term storage needs.
• Bulk Warehouses: Bulk warehouses are designed for the storage of massive quantities of a specific product or material, such as raw materials or bulk commodities.
• Industrial Parks: In industrial areas like Salt River, you may find industrial parks that offer a variety of warehouse spaces with shared amenities and services.
• Cross-Docking Facilities: Cross-docking facilities are warehouses designed for rapid loading and unloading of goods directly from trucks to other vehicles. They are commonly used in the logistics and transportation industries.
• Showroom Warehouses: Some warehouse spaces in Salt River may have showroom or retail components, making them suitable for businesses that want to display products to customers.

Market trends and Demographics – what's going on?

Salt River is known for its cultural diversity. It is a melting pot of different ethnicities and backgrounds, making it a dynamic and vibrant community. The neighbourhood has a rich cultural heritage, with influences from various groups, including African, Colored, Indian, and European communities. The neighbourhood is adorned with colourful murals and artworks created by local and international artists. The street art adds a unique and creative atmosphere to the area. Salt River offers a range of amenities, including schools, parks, shops, and restaurants. Nearby attractions include the Old Biscuit Mill, a popular market and cultural hub, and the Woodstock Exchange, a creative and entrepreneurial space.

The area is known to host various events, including cultural festivals, art exhibitions, markets, and community gatherings. However, the availability of events may vary over time and depending on local circumstances. To find the most up-to-date information on events in Salt River, consider checking local event listings, community websites, and social media platforms.

Featured Points

The OBM

The Old Biscuit Mill is a vibrant community in the heart of Woodstock where talented people come together to share, collaborate, and show off their heartfelt passions. The Old Biscuit Mill is home to dynamic office spaces, a range of workshops and designer stores, decadent restaurants, and food stalls as well as an inspiring line-up of day and night markets, festivals, and productions. Come and explore the Old Biscuit Mill and meet some of South Africa’s most innovative and creative designers, artists, photographers and connoisseurs of fine taste and décor.

https://theoldbiscuitmill.co.za/neighbourgoods-market/

CCID - Striving for a Central City District that is safe, clean, caring, open for business and a centre for all

A public-private partnership, the Cape Town Central City Improvement District (CCID) was established in November 2000 by local property owners with a vision for the Cape Town CBD to rise from the “crime and grime” scenario it had fallen into, to become a safe, clean, and caring urban environment once again. Today it is also a vibrant CBD for investment, and a world-class life, work, play and stay destination that is welcoming to all. 

The term “city improvement district” (CID) refers to a specific geographical area, approved by the City Council in terms of the Municipal Property Rates Act, section 22 (Special Rates Area [SRA]), and the SRA bylaw, in which complementary top-up services are provided in addition to those rendered by the CID’s primary partners. In the case of the CCID, these are the City of Cape Town and the South African Police Services. As a result, Cape Town Central City is considered today to be South Africa’s most vibrant and safest CBD.

Salt River Restaurants – Dining Out

The Taproom

The Taproom in Salt River is a pub and restaurant that showcases the latest creations from the Devil’s Peak Brewing Company, a local craft beer producer. It is located at 150 Cecil Road, Salt River, 8161. You can enjoy a variety of beers, such as lagers, ales, IPAs, and stouts, as well as food pairing boards, burgers, pizzas, salads, and more. The Taproom has a cosy and casual atmosphere, with a view of the Devil’s Peak mountain. The taproom is open from 11:00 AM to 10:00 PM and offers various specials throughout the week. The Taproom is a popular spot for locals and visitors alike, who appreciate the quality and diversity of the craft beer and the delicious food. If you are looking for a place to relax, socialize, and enjoy some of the best beer in Cape Town, you might want to check out The Taproom in Salt River.

Taproom Salt River - Home

The Happy Uncles

The Happy Uncles: Cape Town’s first fully Halaal fine dining spot - YouTube

The Happy Uncles are a group of chefs who run a halaal fine dining restaurant in Salt River, Cape Town. They offer a unique gastronomic experience with a focus on quality and refinement. Since opening their restaurant in 2021, Happy Uncles has received incredible reviews from customers and critics alike. You can find more information about them on their website or book a table through Dineplan.

About | The Happy Uncles

Summary

Why Salt River is the ideal location for your business requirements

• Strategic Location: Salt River is in the Cape Town metropolitan area, just a few kilometres east of the city centre. It is easily accessible from the city via the N1 highway and is also well-connected by public transportation, including buses, minibus taxis and trains.
• Demographics: Known for its cultural diversity. It is a melting pot of different ethnicities and backgrounds, making it a dynamic and vibrant community. Salt River has emerged as a creative and tech hub, attracting startups, artists, and entrepreneurs. This growth can foster innovation and entrepreneurial activities, potentially leading to higher rental yields and property values. Opportunities.
• Networking Opportunities: The neighbourhood hosts cultural events, markets, and festivals that draw visitors and residents alike. These activities can contribute to increased foot traffic and demand for local businesses.
• Expansion Possibilities: While past performance is not indicative of future results, the transformation of Salt River and its proximity to Cape Town's economic activities offers the potential for property appreciation over time, catering to businesses’ growth needs.

Overall, Salt River is a unique and evolving neighbourhood in Cape Town with a rich history, cultural diversity, and a growing creative scene. It is a place where tradition and modernity coexist, making it an interesting and vibrant part of the city.

It is important to note that the status of an "upcoming" area can change over time, and real estate markets can fluctuate. If you are considering Salt River as a place to live or invest, it is advisable to conduct thorough research, consult with real estate professionals, and stay updated on the latest developments in the area to make informed decisions. Additionally, consider visiting the neighbourhood to get a firsthand feel for its atmosphere and potential.

Interested in the opportunities that Salt River has to offer? Contact us to explore your ideal commercial and/or industrial property for your business.