Kisumu's commercial property market is experiencing significant growth, driven by the city's expanding economy and strategic position as a regional trade hub. Investors can find diverse opportunities ranging from standalone office buildings to multi-purpose commercial plazas.
The Kisumu commercial real estate sector shows strong demand particularly along the Kisumu-Nairobi highway corridor and near the revived port area. Rental yields average 9-11% for well-located properties, with occupancy rates exceeding 85% in prime zones like Milimani and CBD.
Property Type | Average Price Range | Popular Areas | ROI Potential |
---|---|---|---|
Office Block | Ksh 30M - Ksh 300M | Milimani, CBD | 8-10% |
Business Premises | Ksh 15M - Ksh 80M | Kondele, Mega Plaza | 9-12% |
Income Property | Ksh 50M - Ksh 500M | Lakeside, Airport Road | 10-14% |
The most sought-after locations include: