The Commercial Real Estate market in Iran is experiencing significant development and growth. Customer preferences are shifting towards modern and well-equipped office spaces, retail centers, and industrial facilities. There is a growing demand for commercial properties that offer convenience, accessibility, and modern amenities.
Customer preferences: Customers in Iran are increasingly looking for commercial properties that meet their specific needs and requirements. They prefer office spaces that are well-designed, spacious, and equipped with modern facilities such as high-speed internet, parking spaces, and security systems. Retail customers are also seeking modern retail centers that offer a wide range of products, ample parking, and a pleasant shopping experience. Industrial customers are looking for well-located and well-equipped facilities that can accommodate their production needs.
Trends in the market: One of the key trends in the Commercial Real Estate market in Iran is the development of mixed-use projects. Developers are incorporating residential, commercial, and recreational elements into a single project to create vibrant and self-sustaining communities. These projects offer a mix of residential units, office spaces, retail outlets, and recreational facilities, providing convenience and accessibility to residents and businesses alike. Another trend in the market is the increasing focus on sustainability and energy efficiency. Developers are incorporating green building practices and technologies to reduce energy consumption and environmental impact. This includes the use of renewable energy sources, energy-efficient building materials, and water conservation measures. The demand for sustainable and environmentally-friendly commercial properties is expected to continue to grow in Iran.
Local special circumstances: Iran has a young and growing population, with a significant portion of the population entering the workforce. This creates a strong demand for office spaces and commercial properties to accommodate the needs of businesses and entrepreneurs. The government has also implemented policies to attract foreign investment and promote economic growth, which has led to an increase in demand for commercial properties.
Underlying macroeconomic factors: The Commercial Real Estate market in Iran is influenced by various macroeconomic factors. The country's economic growth, stability, and political environment play a crucial role in attracting domestic and foreign investment. Additionally, government policies and regulations related to real estate development and investment can impact the market. The availability of financing options and interest rates also affect the demand for commercial properties. In conclusion, the Commercial Real Estate market in Iran is witnessing significant development and growth. Customer preferences are shifting towards modern and well-equipped commercial properties that offer convenience and accessibility. The market is characterized by the development of mixed-use projects and a focus on sustainability and energy efficiency. The young and growing population, along with government policies to attract investment, are driving the demand for commercial properties in Iran.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
