Common factors affecting the prices of godowns/warehouses in Nairobi

Nairobi is the capital city of Kenya, and it serves as the economic hub of the East African region. The city has a vibrant industrial business environment, which has been growing rapidly in recent years.

There are several factors that can affect the industrial godown prices and rates in Nairobi and its peripheral. Here are some of the most significant ones:

  1. Location: The location of the godown is a crucial factor that affects the price. Godowns located in prime areas, such as industrial parks and near the city center, will typically command higher prices than those in less desirable locations.
  2. Size and capacity: The size and capacity of the godown will also affect its price. A larger godown with more storage space will generally cost more than a smaller one.
  3. Design; in recent times, godown are design in a modern manner incorporating office space, washrooms, bathrooms, kitchenette within an individual unit. In some instances, some godowns are even fitted with cargo lifts. Another key component gaining popularity is an on-site weighbridge.
  4. Accessibility: The accessibility of the godown is another important factor. A godown that is easily accessible by road and other transportation means will be more valuable than one that is difficult to reach.
  5. Security: The security of the godown is another key factor that affects its price. Godowns that are located in secure areas and have robust security systems in place will typically cost more than those in less secure locations.
  6. Condition: The condition of the godown is also an essential factor. Godowns that are well-maintained and in good condition will typically be more expensive than those that require significant repairs or renovations.
  7. Zoning; in line with Government policies and trade regulations, some godown are located in controlled environments where taxation and levies may differ from other areas. These include EPZs, SEZs, and other specializes areas as gazetted in law.
  8. Demand and supply: Finally, the demand and supply of godowns in a particular area can affect prices. If there is high demand and limited supply, prices will be higher, and vice versa.

If you’re in the market shopping for a godown to buy or rent in Nairobi and its neighborhood, do not hesitate to give us a call, or drop us an email.

 

 

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