Khusoko – East African Markets
    Facebook Twitter Instagram
    Khusoko – East African MarketsKhusoko – East African Markets
    • NEWS
    • ECONOMY
      • BANKING & FINANCE
      • COMPANY
      • MARKETS
    • INDUSTRY
      • AGRICULTURE & ENVIRONMENT
      • HEALTH & WELLNESS
      • PROPERTY
        • RETAIL
      • TECHNOLOGY
        • ELECTRONICS
    • ENTREPRENEURSHIP
      • ENTREPRENEURS
      • PEOPLE
      • PERSONAL FINANCE
    • SPORTS
    • COMMENTARY
    • ARTS & CULTURE
      • BOOKS
      • ENTERTAINMENT
      • FAMILY & RELATIONSHIPS
      • FASHION & STYLE
      • FOOD & DRINK
      • TRAVEL & LEISURE
    Khusoko – East African Markets
    PROPERTY

    Nairobi Office Market is Recovering from Recession – Fusion Capital

    David IndejeBy David Indeje2019-06-24Updated:2020-04-271 Comment2 Mins Read
    Kenya Office Market Faces 'Significant Slowdown' in Q2 2020

    The Nairobi commercial office space market has been steadily recovering from the recession phase into the recovery phase according to Fusion Capital, a Private Equity Firm focused on Real Estate Investment and Fund Management based in East Africa.

    “Rental rates have come down significantly, and office space has become very cheap despite the wider economy continuing to perform,” says Fusion Capital.

    However, “There is very little money in the market so prices are not expected to fall further meaning that now is the time to buy!

    According to Fusion Capital, even though some large scale projects (approved before 2016) are still being developed, the number of new schemes being approved has dropped off dramatically. Kenya National Bureau of Statistics (KNBS) data that shows that last year’s approvals were the lowest since 2014.

    On the other hand, Cytonn Real Estate says “Office space and residential units in a Mixed Use Developments have higher rental yields at 8.2% and 5.6% compared to the market average at 7.9% and 5.0% mainly attributed to higher rents and prices charged due to amenities and facilities provided.”

    READ:

    • Nairobi Commercial market to stagnate in 2019 as oversupply halts prices, Knight Frank

    Vaal Real Estate, a local realtor’s report ‘Investing In Nairobi -Real estate Opportunities’ highlighting the performance of the Nairobi real estate sector in 2018 found out that “The current office space supply in Nairobi is estimated at 1.8 million m², with approximately 200,000m² delivered in 2018 registering a growth of 25% from 174,000m² in 2017.”

    Nairobi commercial office
    David Indeje
    David Indeje
    • Website
    • Facebook
    • Twitter
    • Instagram
    • LinkedIn

    In my role as Community Engagement Editor For Khusoko, I care about our audience. engaging them, getting news delivered to them across a variety of platforms, and expanding the diversity of voices on our website.

    Related Posts

    Carrefour Bullish Opens 20th Store in Kenya

    2023-05-31

    Naivas Supermarket Posts KSh2 Bn Profit in Nine Months

    2023-05-24

    Nairobi Land Prices Remain Stable in Q1’2023 – HassConsult

    2023-05-02

    Leave A Reply Cancel Reply

    Our Language is Flirty
    https://www.facebook.com/flirtynailsparlour/
    MORE TOP STORIES
    • How to Encourage Youth Participation in Agriculture for Climate Action
    • Why Researchers Root for International Collaboration For Africa’s Development
    • Discover: Trace Awards & Festival to Light Up Kigali in October
    • WED 2023: Kenya’s Step Towards Eliminating Plastic Pollution
    • Somalia Application to Join East Africa Community Bloc Accepted
    • Facebook
    • Twitter
    • LinkedIn
    Facebook Twitter LinkedIn
    • ABOUT US – KHUSOKO
    • PRIVACY POLICY
    • KHUSOKO STANDARDS GUIDE
    © 2023 Khusoko. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.