The Real Estate Market in 2020 Series (Part III)
The commercial market across Cairo has been steadily performing throughout 2018 and 2019. Despite minor slowdowns caused by sudden influx of supply in new urban development areas such as NAC and fears of commercial saturation, the sector still experienced an estimated 23% growth throughout 2019 alone. This is forecasted to continue throughout 2020 due to a consistent margin of undersupply for retail across all types. On a final note, the retail sector remains a prime opportunity for investment, especially for locally developed and targeted concepts that can cater to specific demand gaps.