Rental charges for prime warehouses in Nairobi grew by five percent in the first half of 2024, on rising demand for space by e-commerce firms and data centre operators.
Analysis of the industrial property segment in 10 African cities by real estate firm Knight Frank shows that the average rent of a prime warehouse in Nairobi stood at $6 (Sh775) per square metre, second only to Kampala’s $7 (Sh904) among the cities analysed by the company.
