Nairobi headed into an oversupply of offices - report

A section of westlands in Nairobi taken on 7th January 2015. [PHOTO:WILBERFORCE OKWIRI/ Standard]

An office space glut is looming in Nairobi following record levels of new office buildings due to open in the capital this year, says a new report.

According to a new Mentor Management Ltd (MML) 2015 office report released last week, most new office buildings due for completion are on the outskirts of Nairobi. Oversupply of offices are likely to be seen in Upper Hill, Westlands and Waiyaki Way. It could take the market over four years to absorb the supply, says the report.