Net leases.
Net leases.
Net leases. 5-6 year terms with escalation clauses. Free rent of 4-8 months and TI of KES 4,000-7,000/sqm typical.
Free rent and TI remain the most negotiable line items; landlords prefer concessions to face-rent cuts because they preserve headline rent and implied valuation. Always model effective rent (face minus PV of concessions).
| city | Nairobi |
|---|---|
| country | Kenya |
| region | EMEA |
| classARentLocal | 1300 KES/sqft/yr |
| classARentUsd | $10/sqft/yr |
| vacancy | 21.4% |
| typicalLeaseYears | 5 |
| typicalRentFreeMonths | 6 |
| submarkets | 5 |
| primeYieldPct | 9.8% |
Reviewed by Samuel Okafor — EMEA contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.