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Real estate firm Broll evaluates Kenya office space

A creative approach to leasing deals is helping innovative landlords offset the challenges of high vacancies in an overstocked Nairobi office market, according to Broll Property Intel’s latest Kenya Office Market Snapshot H1:2019 report.

Despite variable economic markers, the macroeconomic fundamentals that contribute to the overall dynamics of the property market have remained largely stable in the first half of 2019 says Vivian Ombwayo, Broll Kenya’s Head of Research and Valuations.

While economic growth brings with it an associated increased demand, there still remains a significant amount of A-grade office space available for tenants to choose from in the market. In such a competitive environment, landlords are recognizing that they need to offer attractive terms to secure good quality tenants, while corporates with professional representation are realizing the choice and power they have at the negotiating table.

Ombwayo says that as a result of increasingly attractive leasing terms offered, A-grade …