The Commercial Real Estate market in Egypt is experiencing significant growth and development.
Customer preferences: Customers in the Commercial Real Estate market in Egypt are increasingly looking for modern and well-equipped office spaces. They prioritize locations that are easily accessible and offer a range of amenities such as parking, restaurants, and retail outlets. Additionally, there is a growing demand for flexible office spaces that can accommodate the changing needs of businesses.
Trends in the market: One prominent trend in the Commercial Real Estate market in Egypt is the rise of co-working spaces. With the increasing number of startups and small businesses, there is a growing demand for affordable and flexible office spaces. Co-working spaces provide a cost-effective solution for these businesses, allowing them to access shared facilities and services while also fostering collaboration and networking opportunities. Another trend in the market is the development of mixed-use properties. Developers are recognizing the value of integrating commercial, residential, and retail spaces in a single development. This not only maximizes land use but also creates vibrant and dynamic communities. Mixed-use properties offer convenience to residents and tenants, with the ability to live, work, and shop in close proximity.
Local special circumstances: Egypt's strategic location and improving business environment have attracted foreign direct investment, particularly in the tourism and manufacturing sectors. This has led to an increase in demand for commercial real estate, as companies seek to establish a presence in the country. Additionally, the government has implemented reforms to streamline the process of starting a business, further encouraging investment and driving demand for commercial properties.
Underlying macroeconomic factors: Egypt's economy has been growing steadily in recent years, supported by structural reforms and increased investment. The government's focus on infrastructure development and economic diversification has created favorable conditions for the Commercial Real Estate market. Furthermore, Egypt's large population and growing middle class provide a strong consumer base, attracting businesses to establish their operations in the country. In conclusion, the Commercial Real Estate market in Egypt is experiencing growth and development driven by customer preferences for modern and well-equipped office spaces, the rise of co-working spaces, and the development of mixed-use properties. The country's strategic location, improving business environment, and government reforms have also contributed to the growth of the market. With a growing economy and favorable macroeconomic factors, Egypt presents opportunities for both domestic and international investors in the Commercial Real Estate sector.
Data coverage:
Figures are based on value of commercial real estate.Modeling approach / Market size:
Market sizes are determined by a bottom-up approach. As a basis for evaluating this market, we use national statistical offices. Next, we use relevant key market indicators and data from country-specific associations such as share of industry, manufacturing, and services of the GPD, price level index, GDP. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the market, for example, exponential trend smoothing.Additional Notes:
The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.
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