This is in the wake of growing investments in the real estate sector, mainly driven by increased supply of office space. Developers offered 1.7 million square feet in 2014. Developers are shunning areas along Mombasa Road for other parts of the city due to persistent traffic jams along the highway, financial services group Britam Holdings has said. Uptake of new offices in Nairobi increased from 1.30 million square feet in 2014 to 1.33 million square feet in 2015, the report states. Britam has attributed the increased office supply to anticipation of upcoming infrastructure developments in the country , the oil industry and Nairobi’s command as a regional hub.

Source: The Star June 22, 2016 01:36 UTC