Exploring the Property Values of Logistics Facilities in the Vicinity of Cape Town International Airport

Mokhele, Masilonyane (2025) Exploring the Property Values of Logistics Facilities in the Vicinity of Cape Town International Airport. URBAN INNOVATION: TO BOLDLY GO WHERE NO CITIES HAVE GONE BEFORE. Medium sized cities and towns as a major arena of global urbanisation. Proceedings of REAL CORP 2025, 30th Intl. Conference on Urban Development, Regional Planning and Information Society. pp. 479-486. ISSN 2521-3938

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Abstract

Amid the growing logistics processes, numerous studies analyse the placement of economic activities near airports á la the models of airport-led development. However, to deepen the knowledge on the catchment of airports, further research is required to analyse logistics spaces near airports compared to other logistics clusters in a territory. The paper, therefore, aims to analyse property values of logistics facilities in the vicinity of Cape Town International Airport relative to six other main logistics clusters within the City of Cape Town municipality, South Africa. These clusters are Philippi, Paarden Eiland, Epping, Parow Industrial, Montague Gardens/Milnerton, and Blackheath, wherein 15 randomly identified properties were analysed in each area. The identification of logistics firms in the seven focus areas involved examining company details on Google Maps, and verifying their locations on the company websites. The property details were then searched on the City of Cape Town’s cadastral GIS shapefile, which was overlaid on the Google Satellite in QGIS 3.32.0. Three key attributes were captured from the cadastral shapefile and recorded on an Excel spreadsheet: property/land parcel extent, street address, and property number. The latter two attributes were used to extract the 2022 property market values from the City of Cape Town’s valuation roll, available on the municipal website. Statistical analysis was then conducted in the IBM’s statistical package for social sciences (SPSS), version 29. The results showed that the mean property values in the vicinity of the airport ranked sixth among the seven focus areas, with Montague Gardens/Milnerton having the highest value and Blackheath the lowest. In terms of the range, the airport environs ranked fourth, with Montague Gardens having the widest and Epping the narrowest. Regarding the property value relative to extent, the mean in the vicinity of the airport ranked second, following Paarden Eiland. The findings show that from the perspective of property values, the area near the airport does not significantly stand out compared to other logistics nodes in the municipality. Holding other locational factors constant, it can be argued that logistics firms near the airport could potentially be located in various zones within the broader airport catchment area.

Item Type:	Article
Uncontrolled Keywords:	Cape Town International Airport, property values, logistics facilities, airport catchment, Planning
Subjects:	H Social Sciences > HD Industries. Land use. Labor T Technology > TL Motor vehicles. Aeronautics. Astronautics
Depositing User:	The CORP Team
Date Deposited:	26 May 2025 14:54
Last Modified:	07 Jul 2025 10:27
URI:	http://repository.corp.at/id/eprint/1255

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