Claremont & Newlands is a prime-tier Class A submarket of Cape Town with average asking rent around R140/sqm/mo · ≈ $8.43 PSF/yr USD.
Suburban professional services belt. · Tier: prime · Avg rent: R140/sqm/mo · ≈ $8.43 PSF/yr USD
Claremont and Newlands anchor Cape Town's suburban professional services belt — deep banking back-office, insurance, and tech tenancy.
Banking back-office, insurance, tech, professional services.
15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common.
Claremont, Newlands (Metrorail).
Multi-modal transit captures the metro's principal professional catchment.
Cavendish Square, Newlands rugby and cricket stadiums.
Claremont & Newlands is one of 5 Class A submarkets we cover in Cape Town, classified as prime tier with an average asking rent around R140/sqm/mo · ≈ $8.43 PSF/yr USD. Compared with the broader Cape Town Class A stock, Claremont & Newlands typically attracts Banking back-office, insurance, tech, professional services and competes most directly with the city's other prime submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Claremont & Newlands: CBD & Foreshore, V&A Waterfront, Century City, Woodstock & Salt River. The full Cape Town submarket atlas is at /cities/cape-town.
For an institutional Class A occupier evaluating Claremont & Newlands, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:
Terminology specific to Cape Town Class A leasing and to the prime tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Samuel Okafor — EMEA contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.