Kazanchis is the central business district of Addis Ababa, located in Kirkos sub-city. Its strategic position near the African Union headquarters, major hotels, and government buildings makes it the preferred address for corporate professionals and international organizations.
Location & Connectivity
Kazanchis sits at the intersection of major roads connecting Bole, Piassa, and Mexico. The Light Rail has a station nearby, and ride-hailing services are abundant. Walking to the African Union, Hilton Hotel, and Meskel Square takes just minutes.
Property Market
The Kazanchis property market is dominated by modern apartment buildings. Due to limited land availability, new developments command premium prices. Rental apartments range from ETB 30,000 to ETB 80,000/month. Purchase prices for modern condominiums start around ETB 5M.
Lifestyle
Kazanchis offers an urban professional lifestyle — walkable streets, coffee shops, restaurants, and nightlife within easy reach. The neighborhood has a distinctly cosmopolitan feel with a mix of Ethiopian professionals, diplomats, and international workers.
Investment Potential
Limited supply and consistent high demand from corporate tenants make Kazanchis one of the strongest rental markets in Addis Ababa. Rental yields of 7–9% are common, with steady capital appreciation driven by infrastructure improvements.