Stalls seem to be the trend for nowadays businesses, owing to the growing number of them in Nairobi city. Despite there being tiny naturally, their increased growth in popularity might be something to watch out.
A lot is carried out in the many stalls found almost in every corner of the town. With businesses ranging from boutiques, beauty shops, M-Pesa outlets, jewellery, mobile phone and accessories shops and many others.
In fact, sources have also revealed how landlords have resolved to partition their spaces initially meant for office purpose, and instead resorting to letting them on stall basis other than office spaces.
Analysts attribute the growth of stalls to increased demand for space by small scale business people.
"There is available modern and high-quality commercial space in other business nodes such as Westlands and Kilimani. The continued improving infrastructure in other business nodes has opened up these areas thus making them attractive for business in addition to the relatively attractive rental rates they offer," Mr. Joseph Wanga, Cytonn research analyst told Standard.
Despite their smaller sizes, their rental rates range between Sh35,000-40,000, while reportedly those on the ground floors can attract as much as Sh60,000. Surprised why the ground floor ones are charged more, that's due to them being branded as walk-in shops attracting more of those in a hurry.
With the owners of the commercial buildings now partitioning them into small stalls, that's an indication of how smaller spaces optimization ways are being devised in attempts to trade businesses.
"A number of businesses operate online and require smaller spaces which act as pick-up points," noted analyst Wanga.