globe retail outlook data

 

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Overview

What's Typical

Break

Either party can exercise a break option with notice served on the other party

Escalation

Average rental escalation rates are approximately 4 – 5% per annum

Fit-Out

Buildings typically offered as shell & core

Free-rent

Maximum of 6-months depending on the space

Laws

Governed by the 1963 Rent Act and Conveyancing Decree 1973

Rent Basis

Net

Right to sublet

Subletting is permissible

Security

Typically one to three months rent

Tenant Broker

Tenant pays

Transparency

Limited

Term

Typically 2–10 years

Offices

Accra +233 (0) 302 672 888

Reports

Contact Us

Bernard Obeng Kwakye Snr. Commercial Broker +233 (0) 302 673 516 | bokwakye@brollghana.com

Eric Abu Portfolio Exececutive +233 (0) 302 673 516 | eabu@brollghana.com

Jacob Quarmson Head-Commercial Brokerage +233 (0) 302 673 516 | jquarmson@brollghana.com

Kofi Ampong Chief Executive Officer +233 (0) 302 672 888 | kampong@brollghana.com