Headline
Residential gross yields held between 8% and 11% across the regions we track, with Buea's student segment the outlier at close to 14% for well-run blocks. Commercial yields widened, largely because asking rents in secondary office stock have not adjusted to the reality of what tenants will pay.
Where voids are moving
Void periods lengthened in secondary Douala offices and shortened in serviced apartments almost everywhere. The serviced segment continues to absorb demand that would previously have gone to hotels, particularly for stays over two weeks.
Industrial voids remain the shortest in the market. There is simply not enough compliant warehouse stock in Douala and Kribi, and speculative development has not yet responded.
What we expect next
We expect industrial rents on compliant stock to continue rising into 2027 and secondary office asking rents to correct rather than continue widening. Land on the Kribi port corridor remains the clearest asymmetric position in our coverage.
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