REAL ESTATE TREND IN KENYA
For the past two decades, the Kenyan real estate market has grown extensively as evidenced by its contribution to the country’s GDP.
The growth is driven by:
 Infrastructural developments such as improved roads, utility connections, upgrade of key airports.
 Stable GDP growth.
 Demographic trends such as rapid urbanization and population growth.

COMMERCE
a) Office
The Kenyan office sector has grown rapidly over the past decade, in tandem with the improving economy, as firms expanded in their operations while multinational firms continually set up their base in the country which is considered the key gateway to the East African market and a leading economic hub in the region.
b) Retail
The retail sector has grown tremendously, characterized mainly by a continued rise in mall space. With a growing middle class, and thus more disposable income, international and local developers have quickly grabbed the opportunity to tap into the ready market with the mall concept which has seen Kenya become the second largest in mall space in Africa.
c) Industrial
Similar to the office sector, the industrial sector has been receiving a gradual change with a changing clientele who prefer high-quality stock which allows for modern retailing, distribution and manufacturing practices and this has led into modern industrial parks such as Tatu City Industrial Park, Konza City Industrial Park among others. The modern parks are also built in such a way that they allow for a live, work and play concept.
Additionally, the new market is demanding for a serene location that is different from the congested Nairobi’s Industrial Area, Baba Dogo and Mombasa Road areas. To achieve this, the new industrial parks are now moving to areas within Nairobi’s periphery such as Kiambu and Machakos counties where they are easily accessible through upgraded highways, feeder roads not forgetting the mega express way which is under construction and are still in close proximity to the key airport and railway terminals.
RESIDENTIAL
With a rapidly growing population and an increasing trend in rural urban migration, the residential sector has recorded the highest demand in the nationwide housing. However, the largest demand has been for affordable housing to cater for urban dwellers who live in slums and shortage in student accommodation.
The middle class has ventured for an alternative serene environment to raise their children away from congestion in rented estate flats. Therefore, we have witnessed more developers increasingly applying low-cost housing construction methods such as alternative building technologies which are known to reduce construction costs.

HOSPITALITY
The hospitality sector is largely dependent on the tourism sector which has been experiencing rebounding volumes before the COVID-19 pandemic.
The meetings, incentives, conferences, and exhibition drive by the government has been a key role in driving international tourist arrivals who are a major backbone of the hospitality industry. In a bid to diversify their revenue streams, developers are converting typical sites to accommodation facilities for hotel purposes.

LAND
Infrastructural development has seen land values go up while a growing population has ensured sustained demand. In the hope that land values will increase in the future, investors are increasingly buying land with the intention of selling it in the future, a concept known as land speculation. Additionally, in order to attract buyers, developers are also using agribusiness as a value addition to plots intended for sale and offering returns on a seasonal basis to clients.