JLL: Cairo retail market to cool in 2015
Jones Lang LaSalle IP Inc. noted in its Cairo Real Estate Market Overview for 1Q15 that retail rents were up 13% y-o-y. Demand has been growing. However, 372,000 square metres of retail GLA is expected to become available over the remainder of the year – mainly in New Cairo, Heliopolis, Mokattam and Maadi. A further 403,000 square metres should become available in 2016. New malls include Madinaty Mega Mall, Citadel Plaza, Capital Mall, Mall of Arabia Expansion and Mirage Mall.
Source : 31 March 2015/JLL/Cairo/RET