Cbd Periphery at a glance
The Cape Town City Periphery lies on the outskirts of the CBD along Queen Victoria Road through to Woodstock, Salt River, Observatory, Paarden Eiland and Northgate.
Over the last few years the area has been revitalised and traditional industrial precincts of Woodstock and Salt River, has now gradually advanced to a more retail and office type area through a strong gentrification process, driving the industrial/factory users further out into Maitland / Ndabeni for more cost-effective premises. Creatives both in the residential and office market are attracted to this area due to the quirky design of buildings and the modern contemporary feel of the developments. The area also offers free street parking vs the high cost parking tariffs of the CBD.
The Urban Development Zone which is a tax rebate incentive has provided a much needed boost and has encouraged the refurbishment and development of commercial and residential properties in the area. The new commercial and office areas are Woodstock, Salt River, Obervatory, Paaredn Eiland and Northgate.