× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS

Report: Malls perform poorly, county seats now property hotspots

By James Wanzala | October 17th 2019

The retail segment in real estate performed poorly over the last year.

This is according to a report by Cytonn Real Estate, the development affiliate of Cytonn Investments. 

The report showed investment opportunity lies in county headquarters in some markets such as Mombasa, Kiambu and Mt Kenya.

The report focused on the performance of the retail segment based on rental yields, occupancy rates, and demand and supply.

The retail sector recorded an increase of 1.1 million square feet of mall space into the market in 2018, leading to a supply of 12.5 million square feet in 2019, up from 11.4 million in 2018.  

Share this story
Uhuru urges investors to tap into blue economy
President Uhuru Kenyatta urging investors and business leaders to take advantage of the blue economy by investing in it.
Absa Bank net profit for 3 months up 24pc
The performance was mainly driven by growth in interest income, particularly in the small and medium enterprises.