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Located to the northwest of the Nairobi CBD, office developments in Westlands recorded average rental prices of $13.60/m2, with a 74% average occupancy rate in 2016 due to increased completed office developments under the letting process in 2015/2016.
Demand for industrial property in Nairobi is expected to continue rising in 2017 with rental growth rate set to increase by between 8-10%, according to Broll Kenya Market Report H1 2017.
Mara Delta, the only listed Africa focused distribution fund to offer international property investors direct access to immediate high growth opportunities on the African continent outside of South Africa, today reported strong interim financial results for the six months ended 31 December 2016.
Nairobi has ranked 10th in JLL’s fourth annual City Momentum Index (CMI) of the world’s most dynamic cities. It is the only metropolitan in Africa to be listed in the Global Top 30 of the world’s fastest-changing cities.
Mara Delta (formerly Delta Africa), the first multi-listed property fund to offer international property investors direct access to immediate high growth opportunities on the African continent outside of South Africa, continues to trailblaze across the continent.
Positive growth forecast for East African hospitality sector.
Knight Frank’s Prime Global Rental Index, which tracks the change in luxury residential rents across 17 cities globally, fell for a third consecutive quarter with rents falling on average by 0.5% in the year to March 2016.
City Lodge Hotels expects demand for its rooms to continue exceeding expectations in the year ahead after it increased occupancies in 2015.
The Royal Institution of Chartered Surveyors (RICS) is pleased to announce the appointment of Wafula Nabutola as its new director for Sub-Saharan Africa.
Nairobi is the 5th JLL-owned and operated Hub on the continent from which real estate markets and clients in 22 countries are serviced.