New office space requirements increased by 29% in Second Quarter (Q2) of 2021 compared to Q1 (First Quarter) across Africa according to Knight Frank. This increased office market activity has been attributed to the ‘flight to quality’ trend that has seen businesses taking advantage of weakened prime office rents to occupy office spaces that place employee wellbeing at the forefront. Across the 28 African cities Knight Frank monitors, prime headline office rents remained relatively resilient with 16 out of the 28 cities tracked experiencing rental stability during the review period. However, market performance continues to vary based on the country….
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Kampala’s Prime office market is expected to increase as the performance of office rents across Africa remains mixed. “Locations such as Kampala are expected to record a rise in occupier activity due to the recent signing of the East African crude oil pipeline project which we expect will drive up demand from the oil and gas sector in particular,” Tilda Mwai, Knight Frank Researcher for Africa says. A Knight Frank’s inaugural Africa Office Market Dashboard for Q1 2021 says like most other regions around the world, African cities have seen diminished office demand, which has been exacerbated by the economic…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
By Taddewo Senyonyi A Knight Frank Uganda Market Update Report conducted in Quarter 3 & 4, 2013 reveals that Uganda’s property sector is showing signs of recovery, albeit challenges, thanks to the easing of credit restrictions in the mortgage financing sector. The report says there has been a significant improvement in economic performance over the past 9 months, when compared with the same period last year, and the property sector though nowhere near its peak performance is showing signs of slight recovery. “This recovery is driven mainly by easing of credit restrictions in the mortgage financing sector, which has led to…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
