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Yaoundé - 17 December 2017 -
Business

Yaoundé and Douala in the top 15 of African cities with the most expensive office rents, according to British firm Knight Frank

Yaoundé and Douala in the top 15 of African cities with the most expensive office rents, according to British firm Knight Frank
  • Comments   -   Wednesday, 12 April 2017 10:50

(Business in Cameroon) - 26 dollars, being a little more than FCfa 16,000. It is the average price for the square metre of rent that an economic operator wishing to have an office in the city of Douala, the economic capital of Cameroon, must pay. With this average price per square metre for office rent, Douala is the 13th most expensive African city. With an average rent per square metre of 22 dollars, around FCfa 13,500, Yaoundé, the Cameroonian capital, is 15th in Africa, according to the survey “Africa Report 2017-Real Estate Markets in a continent of Growth and Opportunity” which has just been published by Knight Frank the British consulting firm specialised in real estate.

But, the survey reveals, in the two main cities of Cameroon, the average price per square metre for office rent is much cheaper than in Abidjan (32 dollars), and represents almost half of that charged in Ndjamena (55 dollars), Chad, and one third of those charged in Lagos (67 dollars) and Luanda (80 dollars), cities located respectively in Nigeria and Angola.

BRM

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