The Standard | by Peter Theuri
The average rental yields of serviced apartments in the Nairobi metropolitan area fell by 3.6 per cent this year amid depressed demand.
According to a new report by Cytonn Real Estate, yields for the year declined to four per cent from 7.6 per cent last year. The research attributed the decline to a reduction in monthly charges per square metre and occupancy in the wake of the coronavirus pandemic.
Monthly rents fell from Sh2,806 per square metre to Sh2,445 per square metre, while…
