Commercial Real Estate in Lebanon: Outlook for 2023

30th January 2023
Home > News > Commercial Real Estate in Lebanon: Outlook for 2023

How do you foresee the outlook for commercial real estate in Lebanon in the year 2023? Who better to ask than George Geha – team leader at JSK Real Estate with a proven track record in closing major commercial deals over the last 12 years in Lebanon.

Commercial real estate include among others:

-offices for sale and rent

-shops & showrooms for sale and rent

-warehouses for sale and rent

As per Geha, we are witnessing an increased demand of offices for sale and offices for rent in many areas in Lebanon such as Achrafieh, Sin El Fil and other areas; but the main increase of demand on commercial real estate is in Metn area namely in Dbayeh, Jal Dib and around. Corona and the latest economic crisis have severely hurt the commercial real estate sector in Lebanon as of 2019. But we may be starting to see the light at the end of the tunnel as we are sensing that businesses have hopes for 2023 and requests for offices and showrooms  for sale or rent are improving day after day.

And to quote Geha, “I am receiving daily an increased number of calls requesting to buy or rent an office in Metn. And of course, JSK Real Estate is the leader real estate agency handling all major showroom and shop located on highway from Dora till Jbeil including showrooms in Dbayeh for sale or rent. You will witness soon many locations on Dbayeh highway that were vacant for many years and will be filled with new tenants and businesses in the near future. In the first 2 weeks of 2023, we have already closed 2 big rent deals for offices in Achrafieh and Dbayeh and one sale deal for office in Dbayeh. Add to that, we are about to close on another 2 large deals of showrooms for rent on Dabyeh Highway. I sense a very promising year for commercial real estate in Lebanon in 2023”.

Georges Geha
Team Leader Metn

Share this article
  • icon
  • icon

Related News Articles

JSK Celebrates The Grand Opening Of Its Signature Agency In The Prestigious Address Of Carre D’or

Under the patronage of Mr. Laurence Mccabe, International consultant CBRE, FRICS and Honorary FIABCI world president and Mr. Masaad Fares, Chairman of Legacy Central, MD of Prime Consult and Honorary president of REAL, JSK celebrated the grand opening of their signature agency in the prestigious address of Carre’ d’or.This is 7th agency of JSK on the Lebanese Territory. JSK con...

1st August 2019
Small Apartments Are The Trend Now!

The trend is now to buy a small apartment! 2-bedroom apartments rather than 3-bedroom apartments are in demand nowadays. One reception space is requested by buyers rather than “Family Room” and an additional “Official Reception”.With above being said, how can we give the illusion of a bigger space for our smaller apartments?1- Lighting: Choose small apartments with as much as p...

1st March 2018
JSK Incentive Trip To Rome

In 2017, a group of 10 motivated JSK people boarded the plane to Rome – the Italian Capital. Rome is especially interesting for this real estate group as it has many architectural marvels that one can gaze at. JSK team enjoyed great time, lovely food and laughter throughout the trip. They came back to Lebanon energized for a new year filled with continuous success

1st March 2017
Looking back, was buying Real Estate using banker's check a good decision?

When the monetary crisis hit Lebanon back in late 2019, many depositors realized quickly that it will be very difficult to retrieve their money from Lebanese banks. The deposits were trapped inside the Lebanese banks and depositors had to find ways to limit their losses.Many depositors acted really fast and started using their deposits to buy real estate in Lebanon. As a m...

22nd February 2023