Nicosia, the capital city of Cyprus, has a reliable pro-business infrastructure for the establishment of companies. It includes access to a profound educational base, a young and talented workforce pool, favourable tax rates, extensive transport network, modern banking, high-level integrated professional services, etc. Surveys show that the city also boasts high living standards for relatively affordable fees. All these factors contribute significantly to the growth of interest in renting CRE in the city. The emergence of new business centers in Nicosia proves the beginning of an upward trend in the local CRE market. Many domestic and international proprietors flee to the city, willing to take profits from its geostrategic location on the banks of Pedieos river, favourable business incentives, programmes, and investment schemes. Lower rental rates for the workspaces in the business centers in Nicosia also play an essential role when drawing local and foreign tenants. Why are the local business centers so much popular? Recently, the natural gas deposits in Cyprus’ EEZ have been discovered, which has become a real push towards the growth of interest in the CRE options of office types. The development of tourism in the region fuels this growing demand.
