Commercial Real Estate in Baku: Offices, Retail Spaces, and Apartments
Growth in business activity, tourism, and the service sector is driving steady demand for offices, retail spaces, and apartments. Below is an overview of the main formats and their key characteristics.
Office Real Estate
Office spaces in Baku are most in demand in central districts and business locations—near metro stations, major transport hubs, and business clusters.
Key features:
- Stable long-term demand
- Tenants typically sign lease agreements for 1–3 years
- Parking availability, transport accessibility, and building class are important
This segment is suitable for investors focused on predictable and stable income.
Retail Spaces and Shops
Street retail and ground-floor premises in residential buildings are traditionally considered the most profitable segment.
Key features:
- High yields in high-footfall locations
- Strong demand from cafés, salons, pharmacies, and service businesses
- Location and pedestrian traffic are critical
With the right location, retail space can generate above-average market returns.
Apartments and Mixed-Use Formats
Apartments and properties with flexible usage are often leased for offices, salons, services, or short-term accommodation.
Key features:
- Versatile usage options
- Popular among small businesses and service companies
- It is essential to clarify the legal designation of the property in advance
This format is attractive to investors who value flexibility and diversification.
What to Consider When Buying
- Legal designation of the property
- Transport accessibility and pedestrian flow
- Potential tenants and competition
- Maintenance costs and taxes
Conclusion
Commercial real estate in Baku is an effective tool for preserving and growing capital.
Offices are suitable for stable income, retail spaces for maximum profitability, and apartments for flexible use.
Housebook recommends choosing a property not only based on price, but also on investment strategy and long-term demand.