Karen gives highest returns to commercial real estate as Upper Hill declines

A section of Upper Hill in Nairobi. FILE PHOTO | NMG

Upmarket Karen estate in Nairobi has the highest percentage returns to commercial rental buildings, a report by Cytonn Investments research arm says.

Karen rental yield or return stands at 10.8 per cent with each square foot averaging Sh117 compared to Westlands’ 10.0 per cent yield and a price of Sh111 per square foot.

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Note: The results are not exact but very close to the actual.