Daily Monitor
Friday February 19 2021
The decline, according to Knight Frank, was due to a shift in business strategy, especially by corporate organisations, amid the increased need to operate businesses efficiently. PHOTO/FILE.
Summary
Prime commercial office occupancy in Kampala has continued to drop, capping 2020 at 6 per cent from 4 per cent in the first half.
The drop has been most visible in upscale office locations of Nakasero, Naguru, Kololo, Lugogo, Nakawa, Bugolobi and Ntinda.
According to details contained in the Knight Frank bi-annual report on the Kampala market real estate performance, the drop in office occupancy moved from 17 per cent in 2019 to 23 per cent in 2020.