Research

Cairo Retail Market Dynamics, Q2 2024

Summary and analysis of the Cairo's current retail real estate market conditions.

July 18, 2024
Contributors:
  • Faraz Ahmed
  • Zenah Al Saraeji
  • Ayman Sami

In Q2 2024, Cairo witnessed the completion of approximately 102,000 retail GLA, expanding total stock to around 3.14 million sq.m.

The current market dynamics favour tenants, with landlords willing to contribute towards capital expenditure (CAPEX) and operational expenses (OPEX).

The outlook reveals that the retail sector in Cairo is expected to face ongoing pressure, resulting in retailers focusing on downsizing their operations.

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