Cairo Office Market Update 2023
The industrial and warehouse real estate market in Cairo has witnessed substantial growth in recent years. This expansion can be attributed to several key factors driving demand and investment in the sector. One of the primary drivers is the booming e-commerce and logistics industry. With the surge in online retail, businesses are increasingly seeking strategically located warehouse spaces to efficiently manage their supply chains and meet customer demands. Cairo's strategic location plays a crucial role in attracting businesses to the region. Situated at the crossroads of Africa, Asia, and Europe, the city offers an advantageous location for companies involved in crossborder trade.
The Egyptian government has recognized the importance of this strategic position and has been investing in infrastructure development, including transportation networks and industrial zones, to support the growth of the industrial and logistics sectors. Currently Cairo’s total warehousing market stands at 80.1Mn sqm of land divided into 10 major warehousing nodes.
However, while the demand for industrial and warehouse spaces is on the rise, there are challenges related to supply. High-quality, modern warehouse facilities that meet international standards are limited in supply. This scarcity has led to competition among businesses seeking such spaces, which, in turn, has put upward pressure on rental rates
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