Africa’s commercial real estate sector remains robust, offering promising investment opportunities for local and international companies. The sector growth is primarily driven by rapid urbanisation, increasing foreign investment, and expanding economies across the continent. We mapped the sector for one of our clients, a large building materials manufacturer. Africa’s commercial real estate sector, defined by properties utilised for business purposes such as office buildings, retail spaces, warehouses, and industrial properties, exhibits significant growth potential.
We found that Egypt, South Africa, and Nigeria collectively account for approximately 40% of Africa’s commercial real estate market value, indicating their significant presence and influence. According to Statista, these countries showcase steady growth projections, with Egypt expected to grow at an annual rate of 8.91%, South Africa at 3.66%, and Nigeria at 7.52% between 2024 and 2028. We also used the ABiQ platform to aid in forecasting and project tracking in Africa. ABiQ provides validated, verified business intelligence covering Africa and the Middle East. They monitor projects worth over $7 Trillion in 68 countries across Africa and the Middle East.
Furthermore, insights revealed that Ghana, Kenya, Tanzania, and Tunisia represent emerging markets with considerable growth potential. These markets are anticipated to experience growth rates ranging from 3.84% to 5.48% until 2028, further highlighting the diverse opportunities available in Africa’s commercial real estate sector.
We provided strategic insights that helped further sales efforts in Africa to our client. We also gave them customized, region-specific data and strategic advice to ensure a more targeted and efficient strategy. This will position them for success in capitalizing on the opportunities within this industry.
NB: We tracked ABiQ data with a minimum value of $50m*
What is the potential for you in Africa? If you have any questions, contact us at info@africon.de.
Read previous SOTMs (Slides of the month) here
Slide of the month (SOTM) September. Why is Morocco emerging as a key economic player in Africa?
