Home Property Nairobi’s prime office rent drops on remote working

Nairobi’s prime office rent drops on remote working

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[Image source: African Arguments | Credit: Nina R.]
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Business Daily | by Patrick Alushula


Monthly office rent in Nairobi’s prime areas dropped by Sh19.40 per square foot in the year to March on reduced demand as companies continued to allow employees to work from home.

The monthly asking rent in March 2021 dropped to $1.12 (Sh120.71) per square foot from $1.3 (Sh140.11) that owners were…

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