The Savills report stated that despite short-term
challenges, the commercial real estate market remains a key pillar of Egypt’s
urban development and a driver of its long-term economic vision.
The report added that commercial real estate projects have
faced several challenges over the past two years due to geopolitical conflicts
in the region. However, many signs of recovery have begun to emerge,
particularly with the entry of new brands across different categories. Most of
these are mid-market brands seeking to bridge the gap between luxury and
economy labels, especially in the sportswear and food and beverage sectors.
The report emphasized that there is still an ample supply of
commercial units in Egypt. More units are expected to be developed in the
coming years as part of mixed-use projects designed to enhance residents’
lifestyles and support communities focused on improving quality of life. This
trend also extends to areas with limited demand for commercial spaces, with
more than 1.1 million square meters of new commercial space expected to enter
the market in the coming years.