Browsing: new malls in kenya

New malls in Kenya
  • Most prime retail destinations in Kenya, comprising primarily malls, had an occupancy rate of 90% in the second half of 2022
  • Naivas, Quickmart, Chandarana, and Carrefour continued to expand with Naivas leading with seven stores during the period 
  • Malls that opened during the period are Broadwalk, a mixed-use development along Ojijo Road in Westlands, and Greenwood Mall in Meru, with both malls being anchored by Naivas
  • Knight Frank, however, warned that the general performance and supply of malls in Kenya has declined, with the focus shifting to convenience centres closer to residential neighbourhoods

A new report shows that most prime retail destinations in Kenya, comprising primarily malls, had an occupancy rate of 90% in the second half of 2022.

In its Kenya Market Update report, Knight Frank found that prime retail properties attracted a rent of $5.00 per square foot per month.

At the same time, the report observed that …