Open Space Commercial Property for Sale in Kilimani, Nairobi

Prime Flexible Workspaces in Nairobi's Thriving Business Hub

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KES 180,000,000

Off Ngong Rd 0.47 Acres Along Muchai Drive

Hurlingham, Kilimani, Nairobi

1,903.00 sqm
Parking 24/7 Security Gated Community

Kilimani offers some of Nairobi's most sought-after open space commercial properties, perfect for modern businesses seeking flexible workspaces. These properties range from Ksh 15 million to Ksh 150 million, with excellent ROI potential due to high demand from tech startups, creative agencies, and professional service firms. The area boasts superior infrastructure, ample parking, and proximity to major business districts.

Open Space Commercial Property for Sale in Kilimani

Kilimani has emerged as one of Nairobi's premier locations for open space commercial properties, offering modern flexible workspaces that cater to contemporary business needs. The area's strategic location between the CBD and Upper Hill makes it ideal for companies wanting accessibility while avoiding congestion.

About Kilimani Commercial Area

Kilimani's commercial sector has transformed into a vibrant mixed-use neighborhood featuring:

  • High concentration of tech startups and creative businesses
  • Excellent road networks connecting to Ngong Road and Argwings Kodhek Road
  • Numerous dining and entertainment options attracting daytime foot traffic
  • Proximity to upscale residential areas ensuring client accessibility

Available Open Space Properties

Property Type Size Range Price Range Key Features
Open Plan Office 800-5,000 sq ft Ksh 15M - Ksh 80M Modular partitions, fiber internet, meeting rooms
Flexible Workspace 1,500-10,000 sq ft Ksh 30M - Ksh 150M Coworking setups, event spaces, lounge areas

Investment Potential

The Kilimani commercial property market offers:

  • Rental Yields: 8-12% annually for well-located properties
  • Price Appreciation: Average 15% annual growth over past 5 years
  • Occupancy Rates: Typically above 85% for quality spaces
  • Tenant Profile: Tech firms (40%), professional services (30%), retail (20%)

Technical Specifications

Modern open space properties in Kilimani typically feature:

  • Power: Three-phase electricity with backup generators
  • Parking: Average of 1 space per 300 sq ft of office space
  • Security: CCTV surveillance and 24/7 guards standard
  • Amenities: High-speed internet, meeting rooms, breakout areas

Frequently Asked Questions

Current market rates range between Ksh 18,000 to Ksh 25,000 per square foot depending on the building quality and exact location within Kilimani. Premium buildings near major roads command the higher end of this range.
The majority are technology startups (40%), professional service firms like law and accounting practices (30%), creative agencies (20%), with the remainder being retail showrooms or medical offices. The area has become particularly popular with co-working space operators.
Kilimani falls under Nairobi's Zone B4 which permits general commercial use including offices, retail spaces, restaurants and personal service establishments. However, industrial manufacturing requires special approval. Always verify specific zoning with the County Government before purchase.
Standard commercial leases run for 3-5 years with annual rent escalation clauses of 8-12%. Many landlords now offer more flexible terms of 1-2 years to accommodate startup businesses, though usually at slightly higher rates.
Properties with dedicated parking command premium prices - typically adding about Ksh 2 million per parking bay to property value. The current standard is one parking bay per every Ksh 300 sq ft of office space. Limited parking can reduce rental income potential by up to 20%.