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Land Lease Rates

1. Land lease rate (Industrial)

Area Type of business Issues Lot Size / Hectares US$ / m2 / year Higher end rates for best position in relation to
Northern Heavy Industry Pollutant / heavy utility users 20 - 50 $2.5 - 3.00 Port / main roads
Central Medium - light industry Cleanish 0.50 - 10 $3.00 - 3.50 Sea port / dry port / main roads
Southern Warehouses Clean 0.5 - 2.0 $3.50 - 4.00 Sea port / dry port / main roads / corporate visibility
Offices Aesthetic 0.2 - 1.0 $4.00 - 5.00 Visibility Prestige

 

2. Land lease rate (Residential - Commercial - Tourism)

Sector Market Level Defining issues Lease pricing RO / m2 / year Upper-end rates for best locations
Residential Top Prestige suburb RO 0.300 - 0.500 Position, views, exclusivity, features
Mid Average suburb RO 0.200 - 0.400 Position, views, access
Commercial Top Main city centre RO 0.650 - 0.800 Position, access
Mid Outlying suburb RO 0.300 - 0.500 Position, access
Tourism The rate is dependent on the exact location (seas front), size of the plot, the proposed standard of hotel/facility to be built

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