Story perspectives

Nairobi Rents Drop 2.4% Amid Economic Struggles

1/24/2025

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Summary

Story summary

Nairobi's suburban rental prices fell by 2.4% in Q4 2022, driven by economic challenges.
Gigiri bucked the trend with a 6.7% rental increase.
Land prices declined in five suburbs, notably Kitisuru, which dropped by 1.4%.
In contrast, Juja experienced a 4.1% increase in land prices.

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Story summary

Nairobi's suburban rental prices fell by 2.4% in Q4 2022, driven by economic challenges.
Gigiri bucked the trend with a 6.7% rental increase.
Land prices declined in five suburbs, notably Kitisuru, which dropped by 1.4%.
In contrast, Juja experienced a 4.1% increase in land prices.