• Cairo added 83,000 sqm of office space in Q2 2025, pushing total stock to 2.28 million sqm citywide.
• Vacancy dropped to 7.4%, with prime buildings averaging just 4.5%, reflecting relocations and new market entrants seeking larger spaces.
• Outsourcing firms remain the strongest demand driver, supported by government efforts to strengthen Egypt’s digital infrastructure and connectivity.

Office Market

JLL released its Cairo Office Market Dynamics Q2 2025 report that details a summary and analysis of Cairo’s current office real estate market conditions.

Around 83,000 square meters of new Gross Leasable Area (GLA) entered the market during the quarter, mainly in New Cairo. This pushed the city’s total office stock to roughly 2.28 million square meters. 

Developers remain focused on delivering phased projects, although some new office parks have been announced in West Cairo. Once completed, these could offer companies high quality office spaces with more advantageous rental terms in comparison to the East.

Rent

In terms of performance, JLL reports that vacancy rates dropped to 7.4% in Q2 2025 compared to 10.4% in Q2 2024. Prime office buildings performed even better, averaging just 4.5% vacancy. Relocations and the arrival of new tenants helped drive the uptick, particularly among companies seeking larger, high-quality spaces.

JLL also reports that rents also moved upward. Average Grade A rents rose 4.7% to USD 334 per square meter per year. Additionally, prime office rents grew 4.6%, reaching USD 457 per square meter. While many landlords are showing more flexibility in negotiations, prime property owners continue to hold firm on pricing.

Looking ahead, about 143,200 square meters of new supply is scheduled for completion in the second half of 2025. This pipeline is expected to be absorbed steadily thanks to ongoing demand from call centers and business process outsourcing (BPO) firms. The sector remains one of the market’s strongest anchors, buoyed by government investments in IT infrastructure and internet connectivity.

The outlook remains cautiously optimistic. Economic stabilization is boosting business confidence, and the balance between new supply and active demand suggests Cairo’s office market is on a more solid footing for the rest of 2025.