Rental office business no longer a good deal

Aerial view of Westlands with view of new upcoming buildings. In the background is Upper Hill buildings as seen from Westlands. [David Gichuru, Standard]

Investing in rental office is increasingly becoming a bad deal for many Kenyans, a new industry report has revealed.

The new Nairobi Metropolitan Area Commercial Office report by Cytonn Real Estate titled Tenant Driven Market focuses on the performance of the sector in Nairobi’s high-end areas while highlighting the demand, supply, and performance of the theme in terms of rents, prices, yields and occupancy rates.