Page 52 - EGYPT - En Vol.4 HD

E gypt
Snapshot of E gypt 50
2- Administrative offices, retail stores & the industrial
rents:

Administrative Office Rents:

The average rental rates for administrative offices monthly in Cairo,
according to the Real Estate in Egypt Report issued by Fitch Solutions,
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reached 25.21 USD/m in 2022 it expected to reach 15.8 USD/m in
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2023, while it reached 13.6 USD/m in Giza it expected to reach 10.29
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USD/m in 2023 and 12.79 USD/m in Alexandria it expected to reach
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8.55 USD/m in 2023.
Retail Stores Rents:
According to Fitch Solutions report, Cairo ranked among the highest
governorates in terms of retail store rent monthly in 2022, where the
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average rates of retail store rent amounted about 28.16 USD/m in
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2022 it expected to reach 17.96 USD/m in 2023, followed by Giza by
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about 23.67 USD/m in 2022 it expected to reach 14.35 USD/m in
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2023, then Alexandria by about 27.09 USD/m it expected to reach
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16.24 USD/m in 2023.
Industrial Units Rents:

The average industrial rents monthly in Alexandria reached 2.97
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2
USD/m in 2022 it expected to reach 1.90 USD/m in 2023, while it
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reached 2.92 USD/m in Giza in 2022 it expected to reach 1.77 USD/
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m in 2023 and 2.49 USD/m in Cairo in 2022 it expected to reach 1.75
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USD/m in 2023.