The Standard | by Peter Theuri
As economies continue to battle the ravaging Covid-19 pandemic, Kenya’s real estate retail sector has recorded a dip in prices as battered landlords offered reduced rental rates in a bid to attract tenants.
Prices have so far declined by 2.1 per cent to Sh115.1 per square foot from Sh118.0 in 2019, a new report reveals.
The report by investment firm Cytonn also shows that the year experienced reduced occupancy rates, which declined by 0.7 per cent from 77.3 per cent in 2019 to 76.6 per cent…
