Nairobi Estates and Satellite Towns Where Rent Has Dropped

Over 13 Nairobi estates and satellite towns have witnessed landlords reduce their rental asking prices in the first quarter of 2025.

According to the report released by HassConsult on Tuesday, April 29, most of the drop was witnessed in 8 Nairobi suburbs.

On the other hand, rent in 5 satellite towns has dropped.

Among the suburbs with the drops were in Muthaiga (4.9 per cent), Nyari (4.7 per cent), Kilimani (4.6 per cent), Westlands (3.1 per cent), Langata (2.7 per cent), Riverside (2.2 per cent), Gigiri (1.9 per cent) and Ridgeways (Ksh1.5 per cent)

In the satellite towns, the drop was witnessed in Mlolongo (2.6 per cent), Tigoni (2.5 per cent), Athi River (2.2 per cent), Kiserian (1.2 per cent) and Thika (1.4 per cent).

Landlords in the suburbs reduced their rent demands as they sought potential clients who have been opting for satellite towns where rent is affordable.

Equally, landlords in the suburbs have been hit by the move by President Donald Trump to freeze USAID. 

USAID had been supporting many organisations that had employed Kenyans who were living in the suburbs. Owing to the freeze, there have been layoffs affecting the rental market.

"The city's suburbs, meanwhile, reported their first asking price contraction in two years at -0.8 per cent, which was weighed down by declines in asking prices in Muthaiga (4.9 per cent), Nyari (4.7 per cent), & Kilimani (4.6 per cent),"

"Locally, in the pricier city suburbs, the fall in asking prices revealed concerns about a fall in demand after the US cut off funding for its USAID programme and its affiliated programmes in Kenya. This action has led to mass layoffs, which affect the target market for the higher-end rental segment," read the report in part.