Rental Markets in Nairobi

Nairobi has the highest rental yields in Kenya generating up to 10 and 12 times more when compared with other urban and rural areas. The rental market in Nairobi has been so lucrative that even indecent dwelling units, such as slums and squatter settlements, are attracting rent as much as Ksh2,500 for 10 by 10 single rooms. The recent increase in rental costs in Nairobi has made the city one of the most lucrative property markets worldwide. The rental market in Nairobi is driven by the growing housing deficits in Nairobi stimulated by increased rural-to-urban migration, major company headquarters, government ministries, industries and institutions are located here. So, what are the current market trends in Nairobi? Availability of Rental Properties within Nairobi's CBD Finding suitable rental accommodation within the CBD is like finding a pearl, and once you find one, you have to part with substantial amounts of money to acquire it. Rental properties here attract fees referred to as "goodwill" and can be as much as Ksh500,000 for 3 by 6 commercial spaces The competitiveness of the properties here compels property owners to ask for quarterly or semiannual deposit fees instead of the usual 1 or 2 months rental deposits If you are renting office/commercial space, be sure to take into account additional parking fees since properties in the CBD rarely have individual parking areas  If you need any kind of information on this article related topic click here: Luxury CBD Products