Warehouse parks could just be the next property investment frontier in real estate if trends, statistics in the market is anything to go buy. “Today, the growth of SMEs in Kenya has exploded and contributed to an increase in logistics services such as warehousing. Reports have, however, established that Nairobi lacks an adequate supply of quality logistics space, pushing some firms to invest in their own custom-built facilities. Nairobi’s prime warehouse rents compare to the likes of Kigali and Harare, which average US$4 (Sh412) per square metre per month, and Lilongwe at US$3.94 (Sh405) for similar space. With growth of Kenya’s position as a key business hub in the region, sufficient investments are needed to match demand.

Source: Standard Digital May 25, 2017 05:03 UTC