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Retail space prices dip as demand falls

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.

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