Offices-200,000m2 total stock 172 US$/m2/pa average prime rent
Retail-350,000m2 shopping malls 120-140 US$/m2/pa prime rent
Hotels-4 international-grade hotels 120-140 US$ average room rates.
Windhoek’s office market is characterised by purpose-built developments and refurbished stock; for example,
Alexander Forbes and FNB (both financial services) have developed their own facilities.Development activity
on the retail front is predominantly by South African funds, while the office sector remains constrained by
limited investment-grade stock.Windhoek’s office market continues to be stable, although several factors
such as location, office grade and size account for a wide variation in rents.
