Browsing: Knight Frank Kenya

• Office Occupancy Levels Across Africa increased by an average of 15 percent from 2022 numbers
• Knight Frank also points to rising investor interest in the continent’s manufacturing, mining, and energy sectors.
• In the retail market, there is a strong focus on enhancing consumer experiences across the continent.

Office occupancy levels across Africa’s office markets have recovered from 60 per cent in 2022 to 75 per cent this year, according to global property consultant, Knight Frank’s biennial 2024/25 Africa Report.

This notable improvement in office occupancy levels is largely attributed to the gradual return to the office following the disruption caused by the pandemic. For example, Kenya’s office occupancy rate now stands at 77 per cent, driven by the limited supply of prime offices – just 617,000 sqm is expected by the end of 2024, while take-up levels remain steady.

According to Mark Dunford, CEO, Knight Frank Kenya, there is …

The increasing emergence of modern logistic parks in Kenya has been mainly attributed to favorable tax laws, increased e-commerce, intra-regional trade, and growth across various sectors, including manufacturing, retail, and health.

This is according to a new report by Knight Frank which indicates that a couple of logistic projects commenced during the first half of the year.

For example in February, a beverage manufacturer and distributor Kenya Wine Agencies Limited (KWAL) broke ground on its Sh4 billion manufacturing plant located in Tatu Industrial Park in Ruiru.

In June Packaging products manufacturer Super Plastics announced plans to open a manufacturing facility in Tatu Industrial Park.

Africa Logistics Properties (ALP) broke ground in June on phases two, three, and four of its 1,076,390 sq. ft modern warehousing complex located in Tilisi Logistics Park in Limuru.

The Sh1 billion project is expected to be completed in the second half of 2022, Phase one …