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Office space: Investors count losses as 'To Let' signs spread in prime estates
Knight Frank’s report shows that Kenya’s office occupancy rates have historically averaged 75 percent (+/- 3 percent), a level that recent trends threaten to disrupt.
A silent transformation is sweeping through Nairobi’s estates—rows of commercial office spaces standing empty, some with faded “To Let” signs that have hung for months. Once bustling hubs for small businesses, startups, and professional services, these office spaces now struggle to attract tenants.
A few years ago, areas like Kilimani, Kileleshwa, South B and Westlands flourished with small enterprises, law firms, clinics and consultancy firms.
