Rent for office space to decline in 2021 due to oversupply – Report



Kenyan Wall Street | by Jackson Okoth


Rent for office space is expected to decline to US$ 8.7 per square metre (KSh 939.60) in 2021 as retail rates fall to US$ 14.6 per square metre (KSh 1576.80).

This is compared to Office space rentals of US$ 8.8 per square metre in 2020 and US$ 9.5 per square metre in 2019, while retail rental rates declined from US$ 16.6 per square metre in 2019 to…

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