Jll Accra City Report – September 2016

Jll Accra City Report – September 2016

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Summary

Office 185,000-200,000m2 gross lettable area US$38-40/m2/monthAirport City rent US$30/m2/monthAirport Residential rent US$25/m2/monthCBD rent US$35/m2/monthRidge Area rent Retail 83,000m2 gross lettable area US$11-19/m2/month anchor rent US$30-80/m2/monthline store rent Hotel 140 Hotels,5,836 Keys,67% Occupancy US$201 ADR US$134 RevPAR In the short term, rental market growth and space absorption is likely to slow down, with occupiers retaining their current space, while deferring expansion and contraction decisions due to uncertainties arising around GDP growth, currency volatility, high rates of inflation and government elections taking place towards the end of 2016.

Source: JLL Nigeria

Published: 2016

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