Inflation in Kenya has steadily increased impacting the cost of living. One of the sectors affected is real estate where it has resulted in higher construction costs, property values, rent and other operational and maintenance charges such as service fees.
To combat inflation, property owners have resorted to increasing rent and costs related with property management. Over time, tenants have found it challenging to meet rising rental demands, and have been forced to give up or source and move to alternative cheaper commercial space to optimise profits.
