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Want to pay the lowest in parking fee? Try Mombasa Road - 13 Mar 2018 16:11

Margaret Njugunah

ccording to a Cytonn Real Estate report, rates range from as low as Sh4,000 in low-quality grade C offices on Mombasa Road to highs of Sh13,000 in areas such as parklands. In the Nairobi Central Business District, drivers pay an average of Sh12,000 per month owing to the inadequate amount of parking spaces. On average those working in Westlands part with a minimum of Sh6,000 per month, while those in Upperhill pay an average of Sh8,000. The data is part of a report seeking to critique Nairobi commercial office sub-sector. According to the report, location and quality of office space are currently the main factors people consider when choosing an office space in Nairobi. As such, Parklands and Karen have recorded the highest yields due to these factors, ranking in average rental yields of 9.7 percent and 9.5 percent respectively. On the other hand, areas affected by traffic snarl-ups, low-quality ...
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