The Eastern Capecovers 168 966km2, about 14% of the total area of South Africa. The province’s magnificent coastline of well preserved sandy beaches, sheltered lagoons, rocky coves and soaring cliffs is its main tourist attraction.
Port Elizabeth is one of the key cities of the region and home to an important harbour located in AlgoaBay. Bisho and Uitenhage are the other major cities and host important motor-vehicle manufacturing and related industries.
The Eastern Cape contributes 7.6% of the country’s GDP, of which the largest industries are general government services.
The province has approximately 961 936 m2 of enclosed shopping centres, and the main high-street retail node remains limited to the city centres. Compared to the other major provinces, the Eastern Capehas a limited offer of prime shopping destinations. The largest shopping-centre node is Greenacres Shopping Centre (87 940 m2) in Port Elizabeth, followed by Hemingways Mall (73 568 m2) in East London and Clearly ParkShopping Centre (37 909 m2) in Port Elizabeth.
Rentals in these prime shopping centres remain stable and vacancies are limited.
New developments are limited and prime space in the various upmarket centres remains in demand.