Jll Lusaka (Zambia) City Profile – March 2015.

Jll Lusaka (Zambia) City Profile – March 2015.

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Summary

Offices-600,000m2 Total stock-240 US$/m2/pa average prime rent Retail-150,000m2 shopping malls 420 US$/m2/pa average prime rent Hotel-4 international-grade hotels 250-300 US$ average room rates. Occupiers continue to target opportunities in the Long Acres, the Great East Road, Rhodes Park and the Mass Media areas and are moving away from the densely occupied CBD.The development market is looking more positive after the election in early 2015, which has created a greater degree of stability. Lusaka has the potential to emerge as a major regional logistics hub,given its strategic location at the confluence of arterial trade routes in the heart of the continent.

Source: JLL Nigeria

Published: 2015

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