The occupier services trend has also come with co-working spaces where the land lord introduces serviced offices where the tenant will access services such as water and internet plus work desk all for a fixed fee, hence managing leasing costs. Data in the report shows total occupancy costs for prime office space in Nairobi is approximately $23.76 (Sh2,380) per square foot annually. Occupier Services is a holistic property-related service aimed at helping clients to identify and align their real estate requirements to the overall business strategy. This includes property acquisition and disposal, lease acquisition, lease renewal, lease disposal, lease surrender or realignment and sub-letting. “We are seeing increasing demand for this service as companies look to consolidate office spaces, relocate, and increase efficiency and productivity,” Knight Frank occupier services manager Winnie Gachagua said.

Source: The Star February 26, 2019 20:48 UTC