Growing demand for coworking spaces in Egypt
The article discusses the expansion of real estate companies in Egypt into the creation of flexible workspaces, which have become a permanent choice rather than a temporary solution, especially after the Covid-19 pandemic, during which companies recognized the importance and flexibility of remote work. Data indicates that office rents in Cairo have increased by 20% annually, with plans to develop new spaces in areas such as the Suez Canal and Upper Egypt to boost demand and increase their spread. Additionally, the global company IWG is aiming to increase its branch count from 40 to 150 by 2030, driven by infrastructure development and the rise of startups, reflecting a shift in occupant behavior and a growing demand for these spaces.
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