Monthly office rent in Nairobi’s prime areas dropped by Sh19.40 per square foot in the year to March on reduced demand as companies continued to allow employees to work from home.
The monthly asking rent in March 2021 dropped to $1.12 (Sh120.71) per square foot from $1.3 (Sh140.11) that owners were asking in the quarter to March last year, just before Covid-19 disruption set in.
