MARKET TALK: Cairo Retail Rents To Remain Stable In Short-Term: JLL

Wednesday, May 16, 2012

0854 GMT [Zawya Dow Jones]--Retail rents in Cairo are expected to remain stable in the short-term but fall later as 1.6 million square meters of space comes online by the end of 2014, Jones Lang LaSalle say in their latest report. "Rents are expected to remain stable in short term before declining in longer term due to increased competition," JLL says. Adds current retail space stands at 761,000 square meters while vacancy levels stand at 29%.

(tahani.karrar@dowjones.com)

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16-05-12 0855GMT