Office, co-working and event space provider Nairobi Garage has moved to a 33,000sqft premise as demand for shared offices skyrockets in Nairobi, Kenya, East Africa’s biggest economy.
Now taking up three floors of an entire office development, the new Nairobi Garage is located on Ngong Road’s Pinetree Plaza, just a few minutes away from its previous premises.
“We’re thrilled to unveil the all-new Nairobi Garage // Ngong Road today. With our old premises at full capacity, we embarked upon an ambitious project to design and create a state-of-the art headquarters for Kenya’s entrepreneurs and business leaders. Today we’re excited to open the doors to the new and improved Nairobi Garage, and look forward to welcoming old and new faces,” said Hannah Clifford, director of Nairobi Garage.
The new space also has a club membership model allowing entrepreneurs, creatives and investors to walk in, use the space on-demand whenever they need to instead of paying for a full-time office space. The development highlights the growing demand for serviced shared offices and co-working spaces in Nairobi and globally as tech hubs and incubators look to new business models. Nairobi Garage began as a tech hub complete with a startup fund but its accelerator arm has since been quietly closed after the firm said it would pause fundraising and doing seed stage investments.
iHub went all out for this shared office space model limiting which groups of entrepreneurs access and use the space as a tech hub. Nailab has also intensified its efforts to provide companies a place to work and do their events from. The shift is not just happening in Nairobi, WeWork,which runs shared office space in the US and various parts of Europe has sold these flexible office dream to hundreds of enterprises and its continuing with its global expansion.
WeWork, now runs in over 200 locations in 50 plus cities and is reportedly worth over $20bn and is among the world’s 10 most valuable start-ups, according to a report by the FT beating oldie Regus which is run in 3,000 locations in 1,000 cities but valued at just $4.1bn. Though Nairobi Garage is yet to launch in as many locations as its global counterparts, it’s targeting entrepreneurial cities such Nairobi and Lagos with plans to expand further. These expansion in Nairobi could be its great start to launching Garages across Africa and probably exiting to WeWork in the near future.