Nairobi's short-let market has grown in the last 3 years

Deborah Jesusegun . 3 years ago

Nairobi’s short-let market has grown in the last 3 years

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Article Summary: The short-let market in Nairobi has seen significant growth, with active rentals doubling between 2019 and 2022 to over 12,000. The average daily rate for a 1-bedroom apartment is Ksh4,717, with areas like Kilimani, Lavington, Westlands, and Kileleshwa being the most populous. A new dashboard provides market information on short let units, occupancy rates, and more.

The short-let market has seen a significant amount of growth, especially as a specialized sector different from the traditional sectors. Majorly fueled by the need for flexibility in the traditional residential market regarding payments, the short-let market accommodates those that need residential homes for only short periods.

Active short-let rentals in Nairobi have grown two-fold between 2019 and 2022 to over 12,000 rentals. This shows an active market for short-let properties, as demand has continued to rise in the past years.

Based on our analysis of the market, the average daily rate of a 1 bedroom in Nairobi is Ksh4,717. Areas most populous with these apartments include:

Kilimani
Lavington
Westlands
Kileleshwa

You can now access our new Nairobi short let market dashboard by Subscribing to Estate Intel’s platform. This dashboard allows you to access market information such as: the total number of short let units, average daily rates, average occupancy rates, and a number of bedrooms.

We love your feedback! What are your thoughts on the Nairobi short let market dashboards, let us know by sending an email to [email protected].