The Commercial Office theme is oversupplied by approximately 3.2mnsqft .Average rental yields are 9.3% and occupancy of 88% with prices recording a 6% decline from 2015 to average at Kshs12,031.In 2016, Nairobi had a total supply of 28.9mn square feet(sqft) of office space which is growing with a 6year CAGR of 34.0%. Completions have been growing with a 5year CAGR of 52.6% and currently we approximate ano versupply of 3.2mnsqft of office space which is expected to grow by 21.0% to3.9mnsqft in 2018.We expect market performance stagnation constrained by the oversupply, slow downing growth of financial services and SME sectors as well as upcoming election which will slowdown demand.
