non-residential commercial properties account for 61% of the real estate industry’s market value in Egypt

Commercial properties are accounted for by the growth of foreign direct investment (FDI), increase in employment, minimization of inflation and the improvement of Egyptian ranking, especially as the commercial properties are considered the cash cow of the real estate sector.

In spite of the strong demand and the macroeconomic resuming of the business, the office market in Egypt is underserved, growing enterprises that once resided in the apartments located in Cairo’s residential areas, but now are targeting larger offices, newer, and more tech-equipped.

Most of the enterprises mentioned above primarily work in different sectors: Pharmaceuticals, banking and finance, media, oil and gas, and FMCG industries.

Cairo’s commercial real estate market was introduced to its first office completion with a total of 27,000 square meters. This led to the stability of 1.1 million square meters of total grade-A office stock.

The lag in deliveries is a result of a slowdown in the business activity as the COVID-19 keeps striking and the measures taken to contaminate the virus, and the policies related to working from home that led to pushing investment plans until things are stable.

On the other hand, it’s strongly noticed how the leasing requests increased, especially from the international companies in both the pharmaceuticals and the e-commerce industries.

Join The Discussion

Compare listings