The numbers of young entrepreneurs choosing to be based in the central city is climbing, attracted by the vibrancy of the CBD, cost effectiveness, readily available office infrastructure, convenience and the knowledge, sharing and networking opportunities.
“Two trends seem to be forming in the central city of Cape Town. The first is small to medium sized businesses renting private office space within a larger communal office. This allows them access to office infrastructure such as, kitchen and boardroom facilities, receptionists, and even Internet connectivity without their company having to solely cover all of these overhead expenses or compromise on their company’s professionalism,” says Rob Kane, Chairperson of the Central City Improvement District (CCID).
“The second trend that is proving popular and affordable for start-ups and freelancers is to rent a desk in an open-plan office, which allows one to escape isolated home offices and increase networking opportunities,” says Kane.
Read more at sacommercialpropnews.co.za
#1 Macroeconomic Newsletter For Black America