Flight to quality is underpinning coworking spaces demand in Nairobi
Grace Thirikwa . 2 years ago
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Article Summary: The global coworking market is estimated to grow to $11.52 billion in 2023 from $9.27 billion in 2019. This growth will be underpinned by new work trends such as the emerging hybrid work models resulting from the pandemic as well as the overarching themes of quality and flexibility that were evident in the market, pre-pandemic.…
The global coworking market is estimated to grow to $11.52 billion in 2023 from $9.27 billion in 2019. This growth will be underpinned by new work trends such as the emerging hybrid work models resulting from the pandemic as well as the overarching themes of quality and flexibility that were evident in the market, pre-pandemic.
Africa is no different, as increase in its startups have led to the need of flexible working spaces, and in general the demand of co-working spaces. In this article, we narrow down on Nairobi’s office market, the demand drivers of co-working spaces, as well as its available supply.
SMES and tech sectors are the main drivers of demand for coworking spaces in Nairobi
Over the past decade, Nairobi’s office market has continued to see the number of its co-working spaces rise dramatically.The vibrant tech and SMEs sectors have underpinned this demand, with co-working spaces being deemed as a cheaper and more flexible option compared to the traditional office space.
The pandemic has further accelerated this trend. Anecdotal evidence suggests that right sizing in the wake of staff reductions, the need for cheaper rents as well as the decentralization of work spaces from core hubs are all driving renewed demand for coworking spaces.
So far, Estate Intel estimates that there are about sixty (60) co- working spaces in Nairobi with a majority of them being in Westlands, Upperhill, CBD, and Karen areas. These spaces comprise private offices, dedicated desks and flexible desks. Furthermore, they feature amenities and facilities such as gym services, free refreshments and parking spaces.
The need for more collaborative spaces is set to underpin future demand
Additionally, the emergence of remote working is also impacting occupier’s attitudes towards office requirements. Demand for coworking spaces is now underpinned by the need for more collaborative spaces and amenities that would naturally result in high occupancy costs in individual set ups. As such, across Nairobi, spaces such as Kofisi and Nairobi Garage are gaining greater prominence due to the availability of entrepreneurial focused networking events and workshops.
Below we highlight some of the top co-working spaces in Nairobi that are recording increased demand as well as their corresponding prices;
1. Kofisi
Kofisi has a total of ten co-working spaces in Africa and five of them are in Nairobi. They are bespoke co- working spaces uniquely designed to suit the needs of individual clients.
- Locations:
Westlands – Keystone Park, 95 Riverside Drive, Eden Square
Upperhill – Landmark plaza
Karen – Karen Blixen
- Cost Range: From $150 – $250 per month
- Hours: 24/7 access
- Amenities:
Fully-furnished offices
High-speed WiFi & back up power
Storage options
Daily cleaning
Printing & bureau facilities
Free refreshments.
2. Regus
Regus has presence in over 120 countries globally and 21 in African countries.They have achieved to build a community of 2.5 million professionals. Their offices have moden designs and facilities.
- Locations:
Upperhill – Britam towers
Kilimani – Laiboni center, Vienna court
CBD – Ushuru Plaza, ICEA building
Westlands – Midlands museum hill, Delta corner, Delta corner tower 2, Purshottam place
Gigiri – VIllage market
- Cost Range: From $100 – $200 per month
- Hours: 24/7 access
- Amenities:
24-hour surveillance monitoring
Outside Seating Area/Terrace
Secure underground parking
Elevator
Break-Out Areas
3. The Mint hub
The mint hub was among the first co- working spaces in Kenya opened in 2010. They offer unique and affordable co-working spaces options at the heart of westlands.
- Location:
Westlands- Western Heights
- Cost Range: From $100 – $220 per month
- Hours: 24/7 access
- Amenities:
HighSpeed Internet
Receptionist services
Storage/locker
Shared kitchen area and Free tea and coffee
Cleaning & security
Lounge
Skype booths
4. Nairobi Garage
Aside from providing a shared office space, Nairobi garage has networking events, workshops and corporate evenings to support budding businesses in building a network and partnership base.
- Location:
Kilimani – Pinetree plaza
Westlands – Delta corner annex , The promenade
Karen – Cove Court watermark
- Cost Range: From $93.25 – $211.95 per month
- Hours: 24/7 access
- Amenities:
High-Speed Internet
Onsite Staff
Cleaning Services
Phone Booths
In-house cafe
Garden Seating
Training Room
5. Ikigai
Ikigai is a Japanese concept that means reason for being. The co- working spaces are beautifully designed and wellness focused for individuals, start-ups and large enterprises.
- Location:
Westlands – Peponi road, Lower kabete, Riverside
Lavingnton – James Gichuru road
- Cost Range: From $169.5 -$211.95
- Hours: 24/7 access
- Amenities:
Phone Booths
Printing
Handicap Accessible
Complimentary Yoga
Dog Friendly
Lunch On-Site
Meditation
Prayer Room
Mother’s Room
6. Workable
The stunning co-working space comes with exceptional features like a private terrace area, electric stand desks, sound insulation and individual temperature control.
- Location:
Westlands – Sanlam towers
7. Workify
Located at ABC Place, Westlands, this co- working space offers a warm and cozy atmosphere for work. The offices are well designed with plenty of natural light.
- Location:
ABC place Westlands
- Cost Range: From $ 16.95- $144.12
- Hours: 24/7 access
- Amenities:
Coffee & Tea
WiFi
Locker Storage
Reception Service
Phone Booths.
8. Indigo co working
Indigo Cowork Space offers members a unique work experience in a custom-built modern working space surrounded by greenery, natural light & fresh air.
- Location:
Westlands – General Mathenge
- Cost: From $ 175 per month
- Hours: 24/7 access
- Amenities:
Coffee & Tea
WiFi
Locker Storage
Skype room and art gallery
Workshops and mentorship programs
9. Workstyle Africa
Workstyle is ideally designed to accommodate the creative community.
- Location:
Westlands – Muthangari Drive
- Hours: 8 AM – 5 PM
- Amenities:
High-Speed Internet
Front Desk Service
Lounge & Kitchenette
10. Jenga Leo
This is one of the most vibrant co-working spaces in Nairobi. It offers additional features such as the rooftop gym concierge, podcast Studio, sky Deck and cultural programs.
- Location:
Westlands- Westpark Towers
- Cost Range: From $127.7 – $156.8 per month
- Hours: 24/7 access
- Amenities:
Complimentary Tea
Coffee & Fruit Water
Wellness
Prayer & Lactating Room
Rooftop Gym
Library Zone
Rooftop Cafe Bar
Communal Kitchen
From our findings, the highest monthly charge for a dedicated desk is about Ksh. 29,000 ($245.8) in Kofisi co-working space, while the lowest is Ksh.12,000 ($101.7) in Workable.
We love your feedback! Let us know what you think about co-working spaces in Nairobi. Send us a mail at [email protected] to give us your feedback
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