In its 1Q16 review of Cairo’s real estate markets, JLL noted that the office vacancy rate across the city is currently 29%, having been 33% in 1Q15. JLL observed that average rents in Downtown Cairo, New Cairo (S1) and New Cairo (S2) have remained broadly unchanged over the last year or so, at USD420, USD300 and USD264 per square metre per annum respectively. Rents in West Cairo, on the other hand, have jumped by 11% to USD240 per square metre per annum. JLL is looking for office rents to remain broadly unchanged over the coming year or so.

Source : JLL/Mar 2016/Cairo/OFF