Post the pandemic, commercial real estate continues to evolve and take shape. With return-to-work policies now gaining momentum, the demand for commercial property in Bahrain is picking up pace.
So, what trends can we expect to witness in the real estate market in Bahrain? On one hand, we can see a steady increase in the demand for office spaces and commercial property while on the other hand; there is a measurable decline in the rental rates in Bahrain.
A deeper dive into the trends in real estate this year leads us to the following observations:
Surge in foreign investments in Bahrain
The burgeoning economy in Bahrain is attracting international investors from every quarter of the world. So much so that Bahrain has access to an economy worth US$2 trillion, making it one of the fastest-growing economies in the world.
The favorable geographical location, beneficial Government policies and efficient workforce are just some of the features attracting investors into the country.
This increase in international investments has a direct impact on the country’s infrastructure and consequently a surge in the demand for residential and commercial flats in Bahrain.
Increase in the demand for office spaces
The pandemic period witnessed a steady decline in the demand for commercial or office spaces in the country. The new work-from-home culture gained impetus not only in Bahrain but throughout the world. Commercial Real estate in Bahrain took a heavy blow.
However, post the pandemic period, companies and industries are now resuming operations and demanding physical presence at offices and workplaces.
As a result, the demand for commercial property for rent in Bahrain has seen a progressive increase to the extent that commercial real estate in Bahrain is projected to grow at 2.80% annually, resulting in a market volume of US$23.7bn by 2028.
Iris Property Managers, a top real estate company in Bahrain offers attractive commercial property in Bahrain.
Demand for co-working spacing
Another commercial real estate trend to watch out for in 2024-25 is the demand for high-quality co-working spaces.
Co-working spaces or shared workspaces fit several companies in a single building. These companies share common facilities making it a more feasible and viable option.
Commercial property for rent in Bahrain is picking up pace in this new sector of shared workspaces.
Modern and Inviting commercial constructions
What’s more? The demand for high quality and attractive offices is what’s in trend. Employers and company owners are enticing employees back to offices with more attractive workspaces. Therefore, the demand for more appealing and inviting commercial property in Bahrain is on a skyward course.
Integrated commercial property
Top real estate companies in Bahrain like Iris Property Managers are leaning towards integrated and mixed-use projects. So, what are integrated projects? In simple words, integrated constructions combine residential, retail and commercial spaces in a single project.
The mixed-use property encourages community living, is convenient and of course trending.
Conclusion
On the whole, the period of economic instability is a thing of the past. The commercial real estate industry in Bahrain is looking towards upward growth
Iris Property Managers in Bahrain is a leading real estate company with a solid footing in residential and commercial property in Bahrain.
Whether you are looking for properties for sale or rent in Bahrain, Iris Property Managers is a professional real estate company dedicated to serving customers across the Kingdom.
Our years of experience in real estate have made us one of the top real estate companies in Bahrain.