Commercial Spaces for Rent in Accra

Property in Ghana represents one of the most significant, non-financial assets owned by households, firms, and governments. However, the use of property and its economic role changes depending on the entity that owns and uses it.

Recent trends in Ghana real estate has shown that there has been a significant increase in commercial spaces for rent such as office spaces, shops and warehouses. It is not uncommon to see people who are putting up property for residential purposes also make room for commercial spaces in front of the property especially in bustling areas such as Osu, Spintex, East Legon and Dansoman where there is heavy commercial activity.

BACKGROUND OF ACCRA

Accra is the capital and largest city in Ghana, covering an area of 225.67 km² (87.13 sq mi) with an estimated urban population of 2.27 million as of 2012. Accra is the Greater Accra Region's economic and administrative hub, and serves as the anchor of the larger Greater Accra Metropolitan Area which is inhabited by about 4 million people, making it the thirteenth-largest metropolitan area in Africa.

The central business district of Accra contains the city's main banks and department stores, as well as an area known as the Ministries, where Ghana's government administration is concentrated. Economic activities in Accra include the financial and commercial sectors, fishing and the manufacture of processed food, lumber, plywood, textiles, clothing and chemicals.

Tourism is becoming a thriving source of business for those in arts and crafts, historical sites and local travel and tour agents. The Oxford Street in the district of Osu has grown to become the hub of business and nightlife in Accra.

In 2010, the Globalization and World Cities Research Network think tank designated Accra as a Gamma level world city, indicating a growing level of international influence and connectedness

RENTING COMMERCIAL SPACES IN ACCRA

Office spaces for rent in Accra are relatively cheaper than offices spaces for rent in Airport area. This is because of the latter’s proximity to the plush suburbs where professionals and expatriates normally hangout. People can find cheap shops for rent in Accra Central where a lot of commercial activities take place. In the same way office spaces for rent in Accra are cheaper than office spaces for rent in East Legon. East legon is considered as one of the crème de la crème suburbs of Accra, well sought after and one of the very expensive places to live in Accra. It is also home to very expensive restaurant spaces for rent in Accra.

Furnished office spaces in Accra are usually pretty expensive and people normally consider going in for it when they just need a space for a short period of time. This will eliminate the hustle and bustle of furnishing an office that you don’t see yourself in at the long run.

Meqasa.com offers a catalogue of hundreds of commercial spaces for rent where commercial property seekers can choose from varying property depending on the size of the property, its location and the financial ability of the seeker. Real estate agents, developers and homeowners looking to sell or rent their property commercially should consider creating an account on the meqasa platform where they can login to their dashboard and make their property accessible to thousands of unique visitors that throng the meqasa website monthly.