Nairobi City
Nairobi City has been named the only African city among the world’s top 20 most successful cities to watch in 2016 for its innovation, liveability and capacity to reinvent itself.This is according to the City Momentum Index (CMI) of innovative cities by Jones Lang LaSalle, a professional services and investment management company.
The firm tracks the speed of change in a city’s economic base and its commercial real estate market. The index’s key objective is to provide data to enable developers choose which cities will see growth and success in the future.
Related Post;Kenya Ranked 9th among the world’s top 10 countries to visit in 2016
‘Nairobi has an impressive demographic and economic momentum is necessitating the creation of infrastructure and real estate to support the city’s expansion as it registers among the highest levels of office and retail construction and absorption of any city in the CMI.’ Read the report.
Nairobi is also pushing to become the centre of technology in Africa, with a growing number of tech incubators and venture capital funds opening in the city.
Nairobi among the world’s top 5 most successful Real Estate markets of 2016
Nairobi’s Real Estate Market was also ranked fourth with Konza Techno City receiving a recognition for its innovation hub that includes space for higher education & Technology firms hence laying a solid foundation for the future.
