Very juicy properties
Property 219 Kirinyaga road total p.m. Kshs 666,500/= price guide 60m. Yield 13.3%

BUT...."The Immediate access road is also tar-surfaced but is currently overcrowded with motor vehicle garages."

Rents for prime retail shops decreased by approximately 5.9% to US$ 4.8 per square foot per month in the first half of 2019, while service charges across retail malls in Kenya ranged from Ksh 45 to Ksh 60/sq ft/month. The decline in rentals is mainly attributed to the current economic situation and less money in circulation, resulting in reduced spending by consumers. Additionally, oversupply of retail space in certain locations has resulted in pressure on landlords to provide concessions and other incentives to attract new or retain existing tenants, making the sub-sector a tenants’ market

Absorption of Grade A and B office space in Nairobi declined by 8% in the period compared to the second half of 2018. The decline in office uptake and stagnation of rental prices is mainly attributed to the continued oversupply of commercial space in some locations and the current economic slowdown. As a result, some landlords are providing concessions such as longer fit-out periods, partial contributions towards tenant fit-outs, or giving discounted rentals so as to retain existing tenants and attract new one

Prime residential sale prices in Nairobi decreased by 1.8% over the first half of 2019 compared to a decline of 0.4% in the first half of 2018, pushing the annual decline to 6.7% in the year to June. Prime residential rents also declined over the review period by 1.68% compared to 0.33% over a similar period in 2018, taking the annual decline to 3.3% in the year to June. The decline in both prime residential sale and rental prices is mainly attributed to the continued oversupply of residential developments in certain locations such as Karen and the ongoing credit crunch which has resulted in reduced money circulation. These factors have transformed the market in favour of buyers and tenants, even as some multinationals continue to downsize while fewer expatriates are relocating to Kenya, impacting negatively on the niche market.

1st Half Knight Frank report...not looking good in matters real estate

One leaky pipe cannot doom Nairobi core

Sit tight if Nairobi core sneezes DC will be out with pneumonia. Of all the options I have DC would be the last place.

Karen is also choking under sewerage. Residents cant sleep due to the sickening smell. No where is safe in the damn city....

interesting stuff....like I said if Nairobi sneezes DC will catch pneumonia

Interesting how things turn

Renting apartments in Nairobi’s central business district (CBD) can be up to 126 percent more expensive than leasing properties in the capital’s periphery, according to market and consumer data firm Statista.

The monthly rent for a one-bedroom house in the CBD is about $432.33 (Sh49,761) compared to $191.32 (Sh22,020) in the suburbs. A three-bedroom apartment in the CBD costs an average of $990.75 (Sh114,035) a month while leasing a similar property on the outskirts of the city costs $476.21 (Sh54,811).

“In Nairobi, Kenya, renting a one-bedroom apartment in the city centre cost almost as much as a three-bedroom apartment outside the city centre in 2022,” said Statista.

The data shows the high returns enjoyed by landlords owning properties in the core areas of the city. The returns are particularly high for those who built or acquired the houses more than a decade ago when building costs and buying prices were relatively lower.

Location is the primary determining factor of housing prices in the capital cities with the prime properties in or close to the CBD consistently outperforming those farther from the business district.