--- title: "V&A Waterfront, Cape Town — Class A submarket" description: "Mixed-use trophy waterfront." canonical: https://classa.info/cities/cape-town/v-and-a-waterfront pageType: neighborhood lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > 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. ## TL;DR - Mixed-use trophy waterfront. - Trophy tier — ~R240/sqm/mo. - Active Class A leasing market with deal flow across major broker desks. # V&A Waterfront, Cape Town — Class A submarket *Mixed-use trophy waterfront.* · Tier: trophy · Avg rent: R240/sqm/mo · ≈ $14.4 PSF/yr USD ## TL;DR - Mixed-use trophy waterfront. - [Trophy tier](/topics/trophy-asset-selection) — ~R240/sqm/mo. - Active [Class A](/glossary/class-a) leasing market with deal flow across major broker desks. ## Overview The V&A Waterfront anchors Cape Town's mixed-use trophy waterfront — No. 1 Silo, Allan Gray Tower, deep retail, hospitality, and tourism tenancy. ## Tenant profile Tech, banking, retail HQs, hospitality, tourism. ## Typical specification 15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common. ## Transit MyCiti BRT. Multi-modal transit captures the metro's principal professional catchment. ## Amenities V&A Waterfront retail, Two Oceans Aquarium, Zeitz MOCAA. ## Comparable buildings - **No. 1 Silo** [](https://www.google.com/maps/search/?api=1&query=No.%201%20Silo%2C%201%20Silo%20Square%2C%20V%26A%20Waterfront%2C%20Cape%20Town%208001%2C%20V%26A%20Waterfront%2C%20Cape%20Town%2C%20South%20Africa&query_place_id=ChIJ_2vixMRnzB0RZMsWzo0P0oY) - **Allan Gray Tower** [](https://www.google.com/maps/search/?api=1&query=Allan%20Gray%20Tower%2C%201%20Silo%20Square%2C%20V%26A%20Waterfront%2C%20Cape%20Town%208001%2C%20V%26A%20Waterfront%2C%20Cape%20Town%2C%20South%20Africa&query_place_id=ChIJp-glnVlnzB0ReANIfM8pj5w) - **Portswood Square** [](https://www.google.com/maps/search/?api=1&query=Portswood%20Square%2C%20Portswood%20Road%2C%20V%26A%20Waterfront%2C%20Cape%20Town%208001%2C%20V%26A%20Waterfront%2C%20Cape%20Town%2C%20South%20Africa&query_place_id=ChIJ86t4kFpnzB0Rn89u4j22tNM) ## Where V&A Waterfront sits in Cape Town 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](/glossary/amenitisation). Adjacent submarkets to study alongside V&A Waterfront: [CBD & Foreshore](/cities/cape-town/cbd-foreshore), [Century City](/cities/cape-town/century-city), [Claremont & Newlands](/cities/cape-town/claremont-newlands), [Woodstock & Salt River](/cities/cape-town/woodstock-salt-river). The full Cape Town submarket atlas is at [/cities/cape-town](/cities/cape-town). ## Topic deep-dives for V&A Waterfront 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: - [V&A Waterfront — ](/cities/cape-town/v-and-a-waterfront/rents-and-availability) - [V&A Waterfront — ](/cities/cape-town/v-and-a-waterfront/tenant-profile) - [V&A Waterfront — ](/cities/cape-town/v-and-a-waterfront/transit-and-commute) - [V&A Waterfront — ](/cities/cape-town/v-and-a-waterfront/amenity-and-lifestyle) - [V&A Waterfront — ](/cities/cape-town/v-and-a-waterfront/trophy-and-comparables) - [V&A Waterfront — ](/cities/cape-town/v-and-a-waterfront/fit-out-and-spec) ## Related glossary Terminology specific to Cape Town Class A leasing and to the trophy tier: [Class A](/glossary/class-a), [Trophy asset](/glossary/trophy-asset), [Effective rent](/glossary/effective-rent), [Concession package](/glossary/concession-package), [TI allowance](/glossary/ti-allowance), [Submarket tier](/glossary/submarket-tier). ## Editorial provenance Reviewed by [**Samuel Okafor**](/about/authors/samuel-okafor) — EMEA contributing editor. Last updated 2026-04-15. See our [methodology](/about/methodology) and [editorial standards](/about/editorial-standards). ### Primary sources for this page - [CBRE Marketview reports](https://www.cbre.com/insights) — CBRE - [JLL Office Insight](https://www.jll.com/en/trends-and-insights) — JLL - [Cushman & Wakefield Marketbeat](https://www.cushmanwakefield.com/en/insights) — Cushman & Wakefield - [Savills World Research](https://www.savills.com/research_articles/) — Savills - [Colliers Global Office Outlook](https://www.colliers.com/en/research) — Colliers [Full sources index](/about/sources) · [Submit a correction](/about/corrections) ## Related topics - [**Class A Lease Negotiation**](/topics/class-a-lease-negotiation) — How to negotiate a Class A office lease — the playbook from LOI to signed deal. - [**Hybrid Workplace Strategy**](/topics/hybrid-workplace-strategy) — How to size, structure, and lease a Class A office for a hybrid workforce. - [**ESG / LEED for Tenants**](/topics/esg-leed-tenants) — How tenants evaluate, negotiate, and report on ESG performance in a Class A office lease. - [**Cross-border Expansion**](/topics/cross-border-expansion) — How to run a coordinated Class A office search across multiple geographies. - [**Fit-out Capex**](/topics/fit-out-capex) — How to budget, sequence, and govern Class A office [fit-out](/topics/fit-out-capex)">fit-out capex. - [**Lease vs Flex**](/topics/lease-vs-flex) — When premium flex (coworking, [managed office](/glossary/managed-office)) beats a conventional Class A lease — and vice versa. --- Citation: Source: Class A Atlas (https://classa.info/cities/cape-town/v-and-a-waterfront), updated 2026-04-15T00:00:00.000Z.