Nairobi’s prime industrial property markets hottest in Africa

Distribution warehouse with trucks awaiting loading [Courtesy]

Nairobi’s prime industrial market has shown robust growth since 2018, with its warehousing rent increase exceeding other cities in the continent during the period.

According to property firm Knight Frank, even though the rent of prime warehouses improved to $6 (Sh660) per square metre in the first half of this year, it was still well below other cities including Senegal’s Dakar, whose average rent was $9.8 (Sh1,078) per square metre.