Kampala Tenants Flee City Centre

By Isaac Khisa

Rent drops but top property agency sees short-term gloom before long-term boom

Rent for office space in prime locations in Kampala city has taken an almost 30% fall as tenants flee the city's Central Business District (CBD), according to the latest report from the property agency Knight Frank.

Rents have dropped to as to as low as $12, from highs of $15-16.5 per square metres in some properties over the period.

The decline in property rents in Kampala over the last six months is likely to persist in the mid-term but innovative property investors could reap when demand inevitably picks up, according to Knight Frank.

READ MORE: https://www.independent.co.ug/?p=8186