According to a report; The 2016 Jones Lang LaSalle (JLL) City Momentum Index (CMI) Nairobi is currently ranked position one in Sub-Saharan Africa and 11 globally among cities spurring technology and real estate development having an aim of being Africa’s leading country in socio-economic growth.

 

“The ongoing construction of Konza Techno City in Machakos County and more housing units to shelter the growing population, is promoting innovation, higher education and better living,” stated the report.

 

The Konza Techno City in Kenya which is an innovation hub constituting of a technology firms and higher education space is currently setting the pace for the future in Africa. Remarkable 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.

 

Currently, Nairobi is pushing to become the focal point of technology in Africa, with a growing number of tech incubators and venture capital funds opening in the city

 

The top 10 cities are London which holds the top position followed adrift by Silicon Valley and Dublin as the top three cities. Others in the top 10 are Bangalore, Boston, Shanghai, New York, Sydney, Beijing and San Francisco. Nairobi improved from the 15th position in the 2015 survey.

 

JLL is a financial and professional services firm specializing in commercial real estate services and investment management. They create value for companies and institutions that invest in and use real estate. With 58,000 employees across 230 corporate offices worldwide, they serve the local, regional and global real estate needs of corporate and investors in more than 80 countries.

 

Their services majorly range from offering expertise to all kinds of property related issues, a deep understanding of real estate markets and capital markets and are coordinated and consistent across geographies.

Source : constructionreviewonline.com