Offices-270,000m2 total stock 120-144 US$/m2/pa average prime rent
Retail-495,000m2 shopping malls 300 US$/m2/pa prime rent
Hotels-3 international-grade hotels 150-200 US$ average room rates.
Historically a prime location for office occupiers, the CBD is experiencing high vacancy levels due to increased
traffic congestion, poor infrastructure and limited connectivity.Although the market does have investment-grade
stock, political instability and high vacancy rates continue to deter foreign investors.Offices are now appearing
in converted residential buildings in decentralised areas, with smaller office parks also providing space on
arterial roads exiting the CBD.
