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Real Estate Insights

  1. In co working spaces, 4 types of strategies are usually employed in operation. Internal collaboration, Co working membership, External co working space and Internal co working space.
  2. According to JLL, the greatest barriers to co working are Security, Privacy, Culture and Motivation.
  3. Due to the economic hardship in 2016, most building materials prices increased in price, making construction cost also sky rocket. Some materials increased by a mere 4% while some increased by as high as 77%.
  4. In 2016, due to the volatility of the dollar, tenants in upscale locations where rents were paid in dollars negotiated fixed exchange rates to ease payments.
  5. Between 2007 and 2015 the total amount of global co working spaces increased from 75 to 7,800.
  6. In Africa, asides basic economic growth, other key factors in increasing hotel demand are economic participation, regional integration, foreign direct investment, infrastructure investment and corporate entry.
  7. Global hotel transactions rose nearly 50% to $85 billion in 2015 – the second-highest year ever.
  8. Sub-Saharan Africa existing rooms: 257,000
  9. Hotel supply growth forecast in Sub-Saharan Africa for 2016 to 2018: 3.5%

The past decade has seen the emergence of a number of new hotel markets in Sub-Saharan Africa. This supply growth was largely necessitated by the growth demand from the business segment, followed by government, diplomats, NGOs and leisure.


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