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.
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.
East African governments and Kenya in particular, are now focused on infrastructure delivery and ways to close the most important infrastructure gaps in planning for new cities.
The construction of the first phase of Athi View Apartments in along Mombasa Road is complete, Phase two now selling off plan with the developer saying the houses will be ready for completion by July 2015.
When it comes to solar energy pros and cons, we’ve heard it all: It’s for hippies, it’s too expensive or it doesn’t work. Yet more solar energy systems are being installed on homes and businesses than ever. We take aim at 10 solar myths and the truths behind them.
Green Park is a gated community whose development started eight years ago. On the 167-acre piece of land, the proprietor of the project plans to construct 700 units.
Real estate developers are often asked why they should spend money to enhance common services when they would be clear of the development before such matters come to a head. Should they not just make their money and walk away?