Tag Archives: industrial space

industrial space: Latest News

  • Rent Is Falling In Oil-Exporting African Countries As Expats Exit

    Rent is falling in oil-exporting African countries By Dana Sanchez, 10:10 pm

    Luanda is still the world’s second most expensive city for expats after Hong Kong, but rent for office space fell almost 50 percent in the past two years. Demand has virtually ground to a halt in the region’s top oil-producing country. Rent has has also fallen for office space and luxury homes in Nairobi, where there’s an oversupply. Kenya became a hotspot for oil and gas exploration in 2012. With the price of crude down more than 50 percent since mid-2014, Nigeria, the region’s second-largest oil producer, is in recession. One bright spot: industrial space rent is rising in Kenya.

More Headlines