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Booming malls entice retailers despite glut fears

Shoppers leave the Garden City Mall on Thika Road in Nairobi on May 31, 2015. PHOTO | FILE

With over 400,000 square meters of space to come under shopping malls in Nairobi within the year, anxiety is building over whether demand can match up.

According to Knight Frank’s 2016 sub-Saharan Shopping Centre Development Trends, Nairobi already boasts of 391,000 sq meters of existing mall space with an additional 470,000 sq meters in the pipeline.

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