Emerging trends are showing that residential habits in the central city are changing.
(Also read our article: Why more Joburgers are flocking to buy property in Cape Town)
The Cape Town CBD is home to a range of different people and owner-occupied properties have increased from 47% last year to 52% this year.
This is according to the Central City Improvement District (CCID), which released its third annual residential survey, studying residential trends in the CBD.
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The CCID's communications manager, Carola Koblitz said the inner city residential population is growing.
Over 50% of the survey respondents own the property they live, while 73% live within 3km of their work or place of study.
Top four reasons cited by respondents for wanting to live in the CBD are:
1. The proximity to places of work.
2. The idea of a “downtown” lifestyle.
3. Easy access to other suburbs in Cape Town.
4. Perceptions that the CBD is a safe environment.
As recorded in the findings, residents still fall primarily within the 25 to 34-year-old age group (37% versus 40% in 2014), but the biggest increase in age bracket has been in the 35 to 44-year-olds.
Last year this group represented 22% of the survey, whereas this year the percentage has climbed significantly to 31%.
The survey also found that 25% of the respondents have children and 26% have pets.