Premium Grade office space achieved rentals of R350/m² (USD: 18.92/m²) during November 2026, with available stock currently at 532 m². This segment continues to reflect demand for high-quality commercial property.
A Grade office space achieved rentals of R195/m² (USD: 11.35/m²), with current stock availability of 1 308 m². The sector continues to offer competitive commercial property at more accessible rental levels.
Rental figures exclude VAT.
Retail space achieved rentals of R660 - R150/m² (USD: 35.68 - 8.11/m²) during November 2026, with available stock currently at 7 887 m². This segment continues to reflect demand for high-quality retail property.
Market Activity retail space continues to show steady demand across key nodes, with availability levels reflecting ongoing tenant movement and consistent absorption within the sector.
Rental figures exclude VAT.
Industrial space achieved rentals of R95 - R120/m² (USD: 6 - 5/m²) during November 2026, with available stock currently at 4 717 m². This segment continues to reflect demand for high-quality industrial property.
Market Activity industrial space continues to show stable demand across logistics, warehousing, and light manufacturing nodes, with absorption trends supported by ongoing supply constraints in key industrial corridors.
Rental figures exclude VAT.
Steenberg's commercial property market is relatively small and is primarily supported by local retail and service businesses.
Commercial accommodation includes neighbourhood shopping facilities, retail premises along Military Road and smaller properties used for business activities where the relevant zoning permits.
Demand is influenced by the surrounding residential population, local purchasing patterns, public transport activity and proximity to established shopping facilities.
Compared with larger commercial locations such as Claremont, Century City and Westlake, Steenberg has a limited concentration of conventional corporate office buildings.
Businesses requiring substantial office floor areas, modern corporate facilities or larger industrial premises generally have more accommodation choices in neighbouring Westlake, Retreat and Tokai.
The local market is better characterised by convenience-oriented retail, everyday services and smaller commercial operations.
For landlords and investors, the performance of individual commercial properties depends on visibility, accessibility, customer demand, tenant mix and the condition of the premises.
Commercial property investment in Steenberg is primarily associated with smaller retail and neighbourhood business premises.
The potential performance of these properties depends on local customer demand, rental affordability, tenant financial strength and the condition of the building.
Retail properties serving everyday household requirements may benefit from established local shopping patterns, although demand and trading performance can vary between locations.
Investors should assess the strength of the existing tenant mix, lease agreements, operating expenditure, municipal charges and future maintenance requirements.
Properties situated along busy commercial roads may offer greater visibility, but traffic patterns and pedestrian access should be considered alongside the purchase price and achievable income.
Steenberg is an established residential suburb in Cape Town's Southern Suburbs, situated near Retreat, Lavender Hill, Westlake and Tokai. The area has a smaller commercial property market than neighbouring business districts such as Westlake, Tokai and Diep River, with commercial activity concentrated primarily around Military Road and smaller neighbourhood business locations.
The suburb serves a substantial surrounding residential population, supporting demand for convenience retail, grocery shopping, personal services, takeaway businesses and other everyday commercial activities. Its proximity to Retreat and the broader Southern Suburbs road network also connects local businesses with neighbouring communities and employment areas.
Unlike Cape Town's larger corporate office districts, Steenberg is predominantly residential, and its commercial property market is characterised by neighbourhood shopping facilities, street-facing shops and smaller business premises. Larger office parks and industrial properties are generally found in nearby Westlake, Tokai and Retreat.
This Steenberg area profile provides an overview of the suburb's location, commercial activity, retail environment, transport connections and considerations for business owners, commercial tenants, landlords and property investors.
Steenberg is situated in the southern part of Cape Town, between the established areas of Retreat, Lavender Hill, Tokai and Lakeside. Military Road is one of the suburb's principal transport and commercial routes, connecting Main Road in the west with Prince George Drive and the M5 corridor further east. The Southern Suburbs railway line runs through the wider area, providing rail connections towards Retreat, Muizenberg and central Cape Town.
Steenberg's position between established residential neighbourhoods and major arterial roads makes it accessible to surrounding communities, particularly those travelling between Retreat, Tokai, Lakeside and Lavender Hill. The suburb should be distinguished from the nearby Steenberg Estate and Steenberg Office Park, which form part of the wider Tokai and Westlake commercial and residential environment. These neighbouring developments share the Steenberg name but have different property characteristics and commercial markets.
Steenberg's commercial property market is relatively small and is primarily supported by local retail and service businesses. Commercial accommodation includes neighbourhood shopping facilities, retail premises along Military Road and smaller properties used for business activities where the relevant zoning permits. Demand is influenced by the surrounding residential population, local purchasing patterns, public transport activity and proximity to established shopping facilities.
Compared with larger commercial locations such as Claremont, Century City and Westlake, Steenberg has a limited concentration of conventional corporate office buildings. Businesses requiring substantial office floor areas, modern corporate facilities or larger industrial premises generally have more accommodation choices in neighbouring Westlake, Retreat and Tokai. The local market is better characterised by convenience-oriented retail, everyday services and smaller commercial operations. For landlords and investors, the performance of individual commercial properties depends on visibility, accessibility, customer demand, tenant mix and the condition of the premises.
Military Road is one of the most important commercial corridors serving Steenberg and surrounding residential communities. The road accommodates convenience shopping facilities, small retailers, takeaway outlets and service businesses that cater primarily to local customers. Commercial activity is supported by road traffic, pedestrian movement and public transport connections between the surrounding suburbs.
For retailers, a position along Military Road can provide access to customers travelling between Retreat, Lavender Hill, Steenberg and neighbouring residential areas. The suitability of individual premises depends on factors such as shopfront visibility, pedestrian access, parking, signage and the surrounding tenant mix. Properties located near established shopping centres may benefit from customers visiting supermarkets and other frequently used retail services. Businesses considering Military Road should also assess delivery access, trading requirements and the availability of appropriate utilities.
Retail is an important component of Steenberg's local commercial property market. Neighbourhood retail facilities serve residents requiring access to groceries, takeaway food, clothing, household goods and personal services without travelling to larger regional shopping centres.
Steenberg Centre, situated along Military Road, is one of the suburb's established retail destinations. The centre is anchored by Shoprite and accommodates smaller retail premises catering to the surrounding residential community. The surrounding market includes Steenberg, Retreat, Lavender Hill and Coniston Park. Smaller independent shops and service businesses also contribute to commercial activity along Military Road and nearby streets.
Retail demand in Steenberg is generally driven by local household requirements rather than the large corporate workforce or destination shopping activity found in larger commercial districts. For property owners, important considerations include the tenant's business type, affordability, customer access and suitability of premises for the intended use. Local retailers should carefully assess trading conditions, competition, customer purchasing patterns and the full cost of occupation.
Steenberg's commercial activity is closely linked to the needs of its surrounding residential communities. Convenience retailers, grocery businesses, food outlets, personal services and other neighbourhood businesses form an important part of the local economy. Small independent enterprises provide goods and services to residents while supporting employment and business activity within the suburb.
Customer-facing businesses benefit from accessible locations, established transport routes and proximity to other frequently visited shops. The wider area also provides access to employment opportunities in Retreat, Westlake, Tokai and surrounding industrial and commercial districts. This relationship between residential areas and nearby employment centres is relevant to understanding local transport patterns, retail activity and the demand for supporting services. Steenberg's commercial property market should therefore be assessed primarily as a neighbourhood business environment rather than a standalone corporate office district.
Steenberg is connected to the surrounding Southern Suburbs through Military Road, Main Road and Prince George Drive. Military Road provides an important east-west connection between the M4 and M5 routes, allowing movement between Steenberg, Retreat, Tokai and surrounding residential communities. The M5 provides connections towards Muizenberg and other parts of Cape Town, while Main Road links the southern suburbs through Retreat, Lakeside and neighbouring areas.
Public transport is an important feature of the local area. Steenberg railway station is located on the Southern Line, and minibus taxi services operate along nearby transport routes. For retail businesses, pedestrian accessibility and proximity to public transport can be significant considerations, particularly where customers rely on walking or public transport for everyday shopping. Properties with direct road exposure and accessible parking may appeal to retailers and service providers that also serve customers travelling by private vehicle.
Although Steenberg itself has a relatively limited commercial property market, its location provides access to several established business areas.
Retreat: An established commercial and industrial area with shopping facilities, warehouses, workshops and businesses operating along Main Road and surrounding industrial streets.
Westlake: A commercial and light-industrial district near the M3 and Ou Kaapse Weg. Westlake accommodates modern office parks, business premises, light-industrial units and supporting retail facilities. See retail space to rent at Westlake Lifestyle Center
Tokai: A mixed residential and commercial area containing retail centres, professional service businesses, medical facilities and commercial properties along major roads.
Lakeside and Muizenberg: These areas accommodate neighbourhood retail, professional services, hospitality businesses and smaller commercial premises.
Businesses comparing these locations should consider the differences between Steenberg's neighbourhood retail environment and the larger commercial developments available nearby.
Steenberg is predominantly residential, and not all properties are authorised for commercial activity. Businesses considering premises should confirm the applicable municipal zoning and permitted land uses before entering into a lease or purchasing a property. Certain activities may require additional approvals, including changes of land use, building alterations, signage permissions and compliance with health or fire safety requirements. Retailers and food businesses should also assess the suitability of electrical installations, water supply, ventilation, waste disposal and access arrangements.
See our Commercial Property Guide for Claremont
The City of Cape Town's zoning system determines which activities may operate on individual properties, and permitted uses should not be assumed merely because other businesses operate nearby. For property owners considering conversion or redevelopment, professional planning advice and confirmation of municipal requirements are important.
Steenberg provides access to neighbourhood retail services, schools, community facilities and public transport connections. Steenberg Centre is an important local shopping destination, while additional retail facilities are found throughout the neighbouring Retreat, Tokai and Lakeside areas. Residents and businesses also have access to larger shopping centres elsewhere in the Southern Suburbs, including Blue Route Mall and Steenberg Village in the nearby Tokai area. These centres provide additional supermarkets, restaurants, banking services and specialist retail facilities. The surrounding residential population and established transport routes support the area's local commercial activity. For businesses, proximity to customers and frequently used amenities is generally more important than access to corporate facilities or large office developments.
Steenberg does not have the same concentration of large commercial buildings found in Claremont, Century City or Tygervalley. Its established commercial properties are primarily neighbourhood retail facilities and smaller business premises. The following locations are relevant to the suburb's commercial market. See Offices to let at Steenberg House.
Steenberg Centre is an established neighbourhood retail development situated along Military Road. The centre is anchored by Shoprite and provides smaller retail units serving residents from Steenberg and surrounding communities. Its position along a principal local transport route provides visibility to passing traffic and access for customers travelling from nearby residential areas.
Retail premises in this type of development are relevant to convenience shopping, personal services, food outlets and other businesses that depend on recurring local customer activity. The centre has on-site parking and forms part of the commercial activity concentrated along Military Road.
Military Road accommodates a combination of street-facing retail premises, independent businesses and service providers. Properties along this corridor serve customers from Steenberg, Retreat and surrounding residential areas. Unlike the managed environment of a shopping centre, individual street-facing premises may differ substantially in their configuration, customer access, parking and permitted uses.
For businesses, the commercial suitability of a property depends on its precise position, visibility and proximity to established customer activity. Military Road is therefore an important location when assessing smaller commercial premises within Steenberg.
Steenberg is primarily suitable for businesses that serve the surrounding residential community. Retailers, takeaway businesses, convenience stores and personal service providers may benefit from premises along established shopping routes, particularly where customer access and visibility are strong. Businesses should evaluate local demand, trading conditions, competition and the financial implications of occupation before committing to premises. The suitability of an individual property will depend on its location, floor area, permitted use, parking arrangements and operating costs. Companies requiring larger corporate offices, warehousing or specialist commercial facilities may find a wider selection of properties in nearby Retreat and Westlake.
Commercial property owners in Steenberg operate within a local market where tenant affordability, customer demand and property condition are important. Landlords should ensure that premises are properly maintained, appropriately zoned and suitable for the activities of prospective tenants. The presentation of retail premises, shopfront visibility and general building condition can affect tenant demand. Property owners should also assess lease terms, tenant financial strength, rental recoveries and maintenance obligations.
Rennie Knight Frank operates across the full Cape Town Southern Suburbs market. We give you direct access to available listings, market intelligence and professional advisory support backed by the global Knight Frank network. Contact our Cape Town team to discuss your requirements.
Where properties experience extended vacancies, it is important to determine whether the issue relates to asking rental, permitted use, premises configuration or local market demand. Maintaining practical and affordable accommodation for businesses serving the surrounding community is an important consideration in this market.
Steenberg is a residential suburb in Cape Town's Southern Suburbs, located near Retreat, Lavender Hill, Tokai and Lakeside. Military Road is one of its principal roads and commercial corridors.
The suburb primarily contains neighbourhood retail premises, convenience shopping facilities, street-facing shops and smaller business properties. Larger corporate office parks and industrial developments are generally situated in neighbouring areas.
No. Steenberg is predominantly residential and has a relatively small local commercial property market. Its businesses largely serve the surrounding residential communities rather than a major corporate office population.
Military Road is one of the suburb's principal commercial routes. It accommodates neighbourhood shopping facilities, smaller retailers and service businesses.
Steenberg Centre on Military Road is an established neighbourhood retail destination, anchored by Shoprite and serving the surrounding residential market.
Steenberg Office Park is located in the neighbouring Westlake commercial area, close to the M3 and Ou Kaapse Weg. It should be distinguished from the residential suburb of Steenberg and its Military Road commercial precinct.
Steenberg Village is situated on Reddam Avenue in Tokai, near the Steenberg Estate and Westlake commercial area. It is separate from Steenberg Centre on Military Road.
The area is served by the Southern Line railway network, including Steenberg station, together with minibus taxi services along surrounding roads.
Steenberg can be relevant to retailers and service businesses serving the local residential market. Suitability depends on the individual premises, customer demand, location, visibility, permitted use and rental costs.
The suburb offers a smaller commercial investment market, primarily associated with neighbourhood retail and local business properties. Investment decisions should be based on property income, tenant quality, building condition, location and operating costs.
Steenberg is primarily a residential suburb with local retail activity, while Westlake is an established commercial and light-industrial district containing office parks, business parks and industrial premises.
Commercial use of residential property depends on the applicable municipal zoning, permitted activities and any required approvals. Property owners should confirm these requirements with the City of Cape Town before establishing a business.
Area information reviewed November 2026. Commercial property availability, permitted uses and market conditions are subject to change.
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