Battle: Dar es Salaam vs Nairobi

Battle: Dar es Salaam vs Nairobi

Coco reborn said:
This is not kabul dear viewers, this is the shittiest city that you will see in your life[emoji16][emoji16]View attachment 1887918View attachment 1887919
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compare na Mogadishu, Somalia
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Yani nchi kama somalia inawaacha mbali kwa kupanga mji si uswazi kila mahali
 

Economy progressing well....,​

Office absorption increases, drop on prime residential rents slows​

This is on the re-opening of the economy, albeit slow.​

In Summary
•Grocery retailing remained one of the most active segments in the retail sector in the first half.
•Sale prices and rental rates expected to gradually improve in the second half of 2021 though landlords have been forced to cut prices to attract traffic.
Dunhill towers and Goodman building along Waiyaki Way, Westlands Nairobi, on March 13,2018 before the construction of the expressway /EZEKIEL AMINGÁ
Dunhill towers and Goodman building along Waiyaki Way, Westlands Nairobi, on March 13,2018 before the construction of the expressway /EZEKIEL AMINGÁ
Office absorption in the Kenyan market increases by 64 per cent in the first half of this year , a latest market survey by Knight Frank indicates, despite the pandemic.
This is mainly on Grade A and B office space attributed to the roll-out of vaccinations, which has enabled employees to physically return to their offices, a reduced supply of new office developments resulting in occupiers taking up space in existing commercial buildings and landlords becoming more flexible by reducing their rental terms.
Over the review period, January-June, prime commercial office rents however decreased marginally from $ 1.12 (Sh122.08 ) per square foot per month to $ 1.10 (Sh119.90 )per square foot per month.

According to Knight Frank, the marginal decline in rental levels is mainly attributed to the current economic slowdown, continued oversupply of commercial space in major commercial nodes and the re-introduction of containment measures in the second quarter of 2021, resulting in a large number of employees working remotely.
The higher take up and demand for offices in the first half of 2021 was due to an improving global economic outlook and both local and international occupiers taking the opportunity to upgrade from their older accommodation to modern Grade A offices taking advantage of the reduced headline rents and tenants incentives that are currently available, we refer to this as a “flight to quality,”
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Knight Frank head of agency, Athony Havelock
Knight Frank’s first Half 2021 'Kenya Market Update' report shows that whilst still declining, prime residential rents declined at a slower rate of 6.02 per cent over the past 12 months to June, compared to a 7.62 per cent decline in a comparable period in 2020.
This change was mainly attributed to the reopening of the economy, roll out of vaccinations and landlords adjusting rental terms to accept lower rental prices.
The continued oversupply of residential developments in certain locations such as Kilimani coupled with the current economic state still makes this sector a buyers’ and tenants’ market, the property manager notes.
Prime residential sale prices in Nairobi marginally improved by 0.1 per cent over the past 12 months to June 2021, compared to a 5.1 per cent decline in a comparable period in 2020, providing signs the market is stabilising.
This is mainly attributed to a realisation amongst sellers that prices have adjusted and encouraging signs of buyers resuming their investment plans which were halted last year due to the pandemic.
Ben Woodhams, Knight Frank Kenya managing director said: “There has been a notable increase in market activity in the first half of 2021 and we expect prime residential sale prices and rental rates to gradually improve in the second half of 2021 due to the increasing flexibility from landlords and sellers, projected positive economic growth and containment of the virus.”
In the office market, the most significant and positive data is the absorption of Grade A and B office space in the review period compared to the second half of 2020.

This dramatic increase was mainly attributed to the roll-out of vaccinations globally providing occupiers with confidence to resume looking at their occupational strategies, evidenced further by the gradual physically return of employees to their offices.
Similar to 2020, average occupancy rates across commercial buildings over the review period were at circa 73 per cent.
“Although the pandemic is still having an on-going impact on working practices and the occupation of offices, there are increasing signs of both employers and their employees adapting to new flexible working patterns and a weariness to virtual meetings hence a desire to return to the formal workplace in a responsible manner,” says Anthony Havelock, head of agency.
This reinforces the need for physical offices where collaboration and brand awareness are paramount and has been demonstrated by the increase in take up and active requirements now in the market, Havelock adds.
“The higher take up and demand for offices in the first half of 2021 was due to an improving global economic outlook and both local and international occupiers taking the opportunity to upgrade from their older accommodation to modern Grade A offices taking advantage of the reduced headline rents and tenants incentives that are currently available, we refer to this as a “flight to quality,” he said.
The ongoing pandemic and economic headwinds continued to adversely affect the retail sector as prime retail rents decreased from $ 4.2 (Sh457) to $ 4.00 (Sh435) per square foot per month over the review period.
The marginal decline was mainly attributed to the economic slowdown, reversal of various tax reprieves in January 2021 resulting in less disposable incomes and re-introduction of containment measures in March 2021. Although once again the rate of the decline has eased.
Similar to 2020, occupancy levels for retail centres averaged 70-80 per cent although more established malls recorded higher occupancy levels of up to 90 per cent.
Grocery retailing remained one of the most active segments in the retail sector. Leading local and international supermarket operators continued to battle for market share dominance, through expansion and capitalising on the void left by outgoing or struggling retailers.
Ashmi Shah, retail portfolio manager said: “The retail market continues to be a tenants’ market although the second half of 2021 projects a positive outlook for this sector mainly due to the economic recovery, roll out of vaccinations nationwide, the reopening of the economy and the easing of containment measures.”
Positively, one sector of the market which we are witnessing significant interest is smaller convenience centres, Shah notes.
 
Coco reborn said:
Mtu ambae aliwaletea swahili houses dar aliwakosea sana😂😂. This level of disorganization and confusion is mad.View attachment 1887954View attachment 1887955
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I find Arusha to be far better averagely.., Dar ilichemsha kabisaa.., haikomboleki, pengine walazimishe watu wahame ama ibomolewe yoote upande wa makazi which will not happen in this generation.., kwanza ndio itakua worse hapa mbele, watu wa vijijini wameona vigorofa vitatu in Dar, zimepakwa filters kwa picha, na flyover kupitia media zao na mitandao sasa wanafunga safari kuelekea Dar kutafuta maisha, rural-urban migration is very high in Tz, wanabeba ufukara na fikra zao duni wanazipeleka pwani ya Tanzania.., ushuzi unaongezeka kwa kasi...,

County governments zimetusaidia sana! Majimbo is best.
 
Hili gepu sio mchezo...ni haki yao walete makasiriko humu [emoji23][emoji23][emoji23]

The Bank of Uganda data shows that in the three months to June, the value of Kenya’s exports to Uganda totalled Sh24.04 billion($221 million) — almost half the Sh43.5 billion ($400 million) shipments Tanzania made to the landlocked country.
 
Don YF said:
I find Arusha to be far better averagely.., Dar ilichemsha kabisaa.., haikomboleki, pengine walazimishe watu wahame ama ibomolewe yoote upande wa makazi which will not happen in this generation.., kwanza ndio itakua worse hapa mbele, watu wa vijijini wameona vigorofa vitatu in Dar, zimepakwa filters kwa picha, na flyover kupitia media zao na mitandao sasa wanafunga safari kuelekea Dar kutafuta maisha, rural-urban migration is very high in Tz, wanabeba ufukara na fikra zao duni wanazipeleka pwani ya Tanzania.., ushuzi unaongezeka kwa kasi...,

County governments zimetusaidia sana! Majimbo is best.
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I never used to appreciate nairobi untill i discovered dar, yani everything about dar is below average. I blame it on ujamaa where poverty was glorified.
 
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