Upper Hill  is an affluent neighbourhood within Nairobi, Kenya popular for its office and residential properties. Over the past decade, the area has generally seen an influx in office developments as the majority of the occupiers sought to occupy space away from the CBD. As such, the area plays host to some of the most iconic developments in Nairobi such as Britam Tower and Prism Tower ;

Other developments in the area include;

• Fortis Suites by AMS Properties
• Rahimtulla Towers by Rahimtulla Trust Limited
• Upper Hill Chambers by China Wu Yi Co Limited
• 4th Avenue Towers by Fusion Capital
• Equity Centre 

 

 

 

Estate Intel is currently tracking 163,314sqm of total office stock. Based on the data that we have gathered, the average rent per sqm is estimated at KSh1,062 per month with sale prices estimated at KSh120,411 per sqm, representing a yield of 11.81% per annum.

Generally, rents and sale prices in this area have declined  by 3.1% and 3.50% respectively over the past 5 years. This decline has been attributed to an oversupply in office spaces in the area as well as a general decline in attractiveness for occupiers due to traffic congestion

Click here to read the full Upper Hill Office Market Analysis, which gives a more in-depth analysis of other market data that we track including; sales and rental rates, yields, supply drivers, stock breakdown, occupancy rate, and information on key contractors who are active in the market. 

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