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Cairo’s workplace market is about to develop considerably, with complete inventory anticipated to rise by 82 per cent by 2029, based on Knight Frank’s newest Cairo Workplaces Market Overview.
The report highlights rising rents and gross sales costs throughout the town within the first half of 2025, as demand continues to develop.
Faisal Durrani, Associate – Head of Analysis, MENA, Knight Frank, stated: “Cairo’s present workplace inventory stands at 1 million sqm, with a further 818,000 sqm slated for supply by 2029. This represents an 82 per cent progress within the workplace market and displays Cairo’s rising economic system and its rising enchantment as a regional enterprise hub, attracting each native enterprises and worldwide firms.”
New Cairo leads workplace market surge
Town’s efficiency additionally options in Knight Frank’s Africa Workplace Market Dashboard H1 2025, which tracks traits throughout 29 African cities.
The Egyptian capital is ranked as one of many top-performing workplace markets on the continent, second solely to Lagos by way of prime rents.
New Cairo performs a number one function on this enlargement, accounting for 73 per cent of the town’s present and future workplace inventory.
It additionally data the best gross sales values, with a mean value of EGP 274,000 per sqm in H1 2025 and premium areas reaching EGP 466,000 per sqm.
Durrani added: “New Cairo’s dominance extends to the workplace leasing sector, the place New Cairo recorded the best rents and year-on-year progress exceeding 2 per cent. This constant efficiency cements its place as the town’s premier vacation spot for companies in search of prime, well-connected workplace places that provide each status and performance.”
Versatile workplace suppliers akin to MQR, KAPITALIZE, KMT Home, CO-55, and Regus proceed to develop their presence within the space. The Worldwide Office Group (IWG) has additionally introduced plans to develop its footprint in Egypt from 18 to 150 places by 2030.
Builders are supporting market progress by providing prolonged instalment durations and decreased down funds. Tasks set to be delivered in 2025 have a mean payback interval of 4.4 years, whereas these finishing in 2029 see this lengthen to 7.8 years.
“This prolonged fee flexibility is an important incentive, designed to make funding extra accessible and enticing to a wider vary of companies and traders by easing the monetary burden and inspiring long-term commitments to the market,” the report famous.
Zeinab Adel, Associate – Head of Egypt, Knight Frank, additional defined: “Actual property funding is rising throughout the MENA area and Cairo affords a extra inexpensive possibility than different close by GCC markets. These decrease boundaries to entry for GCC and worldwide traders are serving to to gasoline additional progress, whereas the longer instalment intervals provided by builders not solely encourage funding, but additionally spotlight the rising confidence available in the market’s sustained progress.”
Whereas New Cairo leads the market, West Cairo is rising as a substitute for corporations wanting past the first hub. El Sheikh Zayed recorded common gross sales costs of EGP 229,000 per sqm, whereas sixth of October Metropolis noticed common costs round EGP 171,000 per sqm.
Adel stated: “El Sheikh Zayed, sixth of October Metropolis and West Cairo supply distinct benefits, together with proximity to residential communities and a rising industrial ecosystem, making them viable options for companies increasing or relocating inside Cairo.”
He added: “New Cairo workplaces command the town’s highest common costs because of the realm’s trendy infrastructure, strategic location and the focus of high-profile companies and facilities. Nonetheless, once you have a look at the utmost gross sales costs achieved, the hole between New Cairo, El Sheikh Zayed and sixth of October Metropolis narrows, suggesting compelling alternatives exist for traders searching for a extra accessible entry level into the Cairo market.”
Regardless of a projected dip in new provide in 2026, the market is anticipated to develop within the following years. Provide is forecast to peak in 2028 at 309,000 sqm, representing 38% of the whole future pipeline to 2029.
Main builders contributing to this enlargement embrace LMD, The Waterway Developments, Centrada Developments, La Vista Developments, SERAC Developments and SODIC.
Their investments are rising inventory and contributing to the vary and high quality of workplace area accessible.
“These developments are collectively shaping Cairo’s city panorama, reinforcing its standing as a thriving enterprise hub within the area and a magnet for each home and worldwide funding. Our analysis paints an image of a market in full swing, characterised by robust fundamentals, strategic developer initiatives and a promising outlook for continued progress and funding, solidifying Cairo’s place on the worldwide enterprise stage,” he concluded.
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