V&A Waterfront is a trophy-tier Class A submarket of Cape Town with average asking rent around R240/sqm/mo · ≈ $14.4 PSF/yr USD.
Mixed-use trophy waterfront. · Tier: trophy · Avg rent: R240/sqm/mo · ≈ $14.4 PSF/yr USD
The V&A Waterfront anchors Cape Town's mixed-use trophy waterfront — No. 1 Silo, Allan Gray Tower, deep retail, hospitality, and tourism tenancy.
Tech, banking, retail HQs, hospitality, tourism.
15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common.
MyCiti BRT.
Multi-modal transit captures the metro's principal professional catchment.
V&A Waterfront retail, Two Oceans Aquarium, Zeitz MOCAA.
V&A Waterfront is one of 5 Class A submarkets we cover in Cape Town, classified as trophy tier with an average asking rent around R240/sqm/mo · ≈ $14.4 PSF/yr USD. Compared with the broader Cape Town Class A stock, V&A Waterfront typically attracts Tech, banking, retail HQs, hospitality, tourism and competes most directly with the city's other trophy submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside V&A Waterfront: CBD & Foreshore, Century City, Claremont & Newlands, Woodstock & Salt River. The full Cape Town submarket atlas is at /cities/cape-town.
For an institutional Class A occupier evaluating V&A Waterfront, 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 trophy 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.