Research
Cairo Retail Market Dynamics, Q3 2024
Summary and analysis of the Cairo's current retail real estate market conditions.
October 29, 2024
Contributors:
- Faraz Ahmed
- Zenah Al Saraeji
- Ayman Sami
Cairo’s total retail stock increased to around 3.1 million sq. m. with the completion of nearly 28,000 sq. m. of GLA in the third quarter.
Average rental rates in both primary and secondary malls increased by about 6% and 14%, respectively, in Q3 compared to the same period last year.
One emerging trend that is likely to persist is the introduction of new entertainment concepts that have proven effective in boosting footfall and spending levels.
