Aside from political and economic factors, the office market has been affected by the disconnect between quality of supply and the quality of stock sought by the market. Decentralised nodes such as Westlands, Upper Hill and Gigiri continue to attract much of the demand as occupiers seek to move out of the dilapidated city centre.The weak consumer climate in Kenya is evident in the performance of retailers over the past year and has resulted in weaker demand for retail accommodation. However, while malls have struggled to reach full capacity, rental rates have remained largely unchanged.
