Market Highlights

• In 2023, the real estate Industry in Egypt is witnessing challenges stemming from the current local and global economic volatility.
• Responding to the changing market, landlords are resorting to making changes to the retail and office lease terms.
• Retail Despite the current challenges, the F&B segment is witnessing an influx of new local brands and an increased interest from international brands. The retail industry remains underserved with huge opportunities in the future due to Egypt’s young demographic. Retail rental rates in Greater Cairo reach an average of 940 EGP per SQM per month with 85% occupancy rate, with the rates varying from one district to another. 
• Office Many landlords are shifting to leasing office space in USD instead of EGP. Office rental rates in Greater Cairo reach an average of 760 EGP per SQM per month with 81% occupancy rate, with the rates varying from one district to another.

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Read the full Arabic report HERE