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Demand for commercial space in Nairobi to increase in 2016 and 2017, report

An aerial view of buildings in Upper Hill Nairobi as captured in 29th January 2016. PHOTO: WILBERFORCE OKWIRI/STANDARD

NAIROBI: The growth of the economy in 2016 will result in an undersupply of commercial office space in Nairobi, says a new report.

According to the report by investment firm Cytonn Investments, there will be an undersupply of about 3.6 million square feet in 2016 and 6.1 million in 2017 as demand for offices especially Grade A offices in markets such as Westlands, Parklands and Gigiri peaks.

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