New Administrative Capital (NAC)'s tenant base is anchored by government (egyptian ministries), banking, multinationals, hospitality.

• Tier: trophy.
• Tenant character: Government-led post-2025 mega-development.
• Average rent: $192/sqm/yr · ≈ $17.8 PSF/yr USD.

TL;DR

• Tier: trophy.
• Tenant character: Government-led post-2025 mega-development.
• Average rent: $192/sqm/yr · ≈ $17.8 PSF/yr USD.

Who clusters here

Government (Egyptian ministries), banking, multinationals, hospitality.

What that means for newcomers

Newcomers to New Administrative Capital (NAC) should expect peer-tenant scrutiny: covenant strength, brand fit, and signage standards are watched closely. Lease-up product underwrites by anchor tenant; secondary tenants typically benefit from anchor halo.

Key facts

Frequently asked questions

What kind of tenants lease in New Administrative Capital (NAC)?

Government (Egyptian ministries), banking, multinationals, hospitality.

Related

• New Administrative Capital (NAC) — submarket overview
• Cairo — full city profile
• Cairo submarkets — all
• New Administrative Capital (NAC) — Rents
• New Administrative Capital (NAC) — Transit
• New Administrative Capital (NAC) — Amenity
• New Administrative Capital (NAC) — Buildings

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

• CBRE Marketview reports — CBRE
• JLL Office Insight — JLL
• Cushman & Wakefield Marketbeat — Cushman & Wakefield
• Savills World Research — Savills
• Colliers Global Office Outlook — Colliers

Full sources index · Submit a correction

Related topics

• Class A Lease Negotiation — How to negotiate a Class A office lease — the playbook from LOI to signed deal.
• Hybrid Workplace Strategy — How to size, structure, and lease a Class A office for a hybrid workforce.
• ESG / LEED for Tenants — How tenants evaluate, negotiate, and report on ESG performance in a Class A office lease.
• Cross-border Expansion — How to run a coordinated Class A office search across multiple geographies.
• Fit-out Capex — How to budget, sequence, and govern Class A office fit-out">fit-out capex.
• Lease vs Flex — When premium flex (coworking, managed office) beats a conventional Class A lease — and vice versa.