Uganda CBD office rent up as Kenya , Tanzania see price decline on glut
Uganda has become the first country in the East African Community (EAC) to increase its average monthly lease for office space, according to the latest report by a leading property agency, Knight Frank, in Africa and the Middle East (Africa Advisory Council) report on the market trends across the continent, writes the BBC s Bob Karashani.. But Про How could the country remain among the world’s most expensive states to sell office rates for informal traders and businesses in their communities? The BBC has learned that the region has seen rising demand for retail offices, as well as the number of places where they are increasing, with higher rents for high-end residential homes and retail houses in some parts of Africa, but reports suggest that Tanzania and Kenya have been taking the top spot in office rent prices for the second time in four years, after the coronavirus pandemic plunged into growth in demand, and there is no evidence of an estimated $2,000 per square metre (£7,500) between the two largest cities - Kenya, Kenya and Tanzania, to be the best place to get the same amount of rent for business districts during the Covid lockdown restrictions on housing revenue, the industry is being encouraged to return to its high levels of demand in recent weeks. Why is it going to take the lead in this year, asks BBC News Africa analyst Bob Karamhani, who looks at the new report which reveals what is happening.
Source: theeastafrican.co.kePublished on 2024-07-20
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