The yields on the Nairobi office market are comparable to the returns on offer in the government’s Treasury bills, which are paying between 8.7 and 9.1 percent, but lag those of longer-term...
By
Charles Mwaniki
Business Reporter
Nation Media Group
Kenya’s prime office developers have seen their rental yields stagnate at 8.5 percent for the last three years despite rising occupancy levels, as an oversupply of lower-grade offices has kept rental prices flat.
According to Knight Frank, beyond the traditional landlord-tenant model, flexibility is emerging as one of the defining features…
The rising returns on government papers are prompting investors to start shifting assets from the Nairobi Securities Exchange…
Despite increased supply and a vacancy rate plateauing at 14 per cent, prime office rentals will rise up to 5 per cent this year,…
A surge in government-backed affordable housing projects is prompting private developers to focus on offices, warehouses and…
Tanzania, Kenya rank among Africa’s top 15 markets, while Zambia, South Africa represent high-performing locations in the…
Currently, the returns are no longer what they were when he first entered the market.
