Cairo Office Market Set for 82% Expansion by 2029 – Knight Frank

Cairo, Egypt - 21 July 2025 – Cairo’s office real estate market is on the brink of a substantial transformation. According to Knight Frank’s latest Cairo Offices Market Review, total office stock is expected to surge by 82%, growing from 1 million sqm today to 1.82 million sqm by 2029, reflecting escalating demand and the city’s strengthening role as a regional business hub.

Unprecedented Growth Forecast

Knight Frank’s research highlights that Cairo currently has 1.0 million sqm of office space, with 818,000 sqm scheduled for delivery by 2029, marking a clear 82% expansion. This trajectory underscores the city’s rapid urban evolution and investor appeal.

New Cairo Leading the Demand

New Cairo is projected to dominate this growth phase, accounting for 73% of both existing and upcoming office stock. With its modern infrastructure and strong connectivity, New Cairo has become the city’s premier destination for corporate occupiers.

Rents, Sales Prices and Emerging Hub Status

Prime office rents in Cairo rank second across Africa, trailing only Lagos. New Cairo also commands the highest sales prices, with rents showing year-on-year growth exceeding 2%, reinforcing its reputation as a prestigious and functional business district.

To stimulate investor interest, developers in the Cairo office market are offering flexible payment plans, ranging from 4.4-year instalments for 2025 deliveries to 7.8-year plans for 2029 developments. These terms make property investment more accessible and palatable to a wider investor base.

Growth Opportunities Beyond Central Cairo

While New Cairo remains at the forefront, emerging areas like El Sheikh Zayed, 6th of October City, and West Cairo are rapidly gaining momentum. These locations offer more competitive pricing, with average sales prices ranging from approximately USD $3,540 to $4,740 per square meter (EGP 171,000 to EGP 229,000), making them attractive, cost-efficient alternatives for both businesses and investors.

Demand for flexible workspace solutions continues to accelerate in Cairo, with operators like Regus, CO‑55, MQR and others expanding their footprint. Knight Frank also notes that IWG aims to grow from 18 to 150 locations in Egypt by 2030. Major developers, including LMD, Waterway Developments, SODIC, and others are advancing new projects to meet rising market needs.