Commercial real estate in Tashkent: why small spaces deliver higher returns in 2026

Why small premises have become more popular The reasons for the growing demand are obvious. 1. Low entry threshold for tenants For small businesses, it’s easier to rent a compact unit at a moderate rate than to take a large space with high monthly expenses. This is especially relevant for: coffee shops beauty salons showrooms pharmacies service points online businesses with pick-up 2. Faster payback for investors Small premises often deliver higher returns per square meter than larger properties. Reasons: they lease faster a wider pool of tenants less vacancy between leases easier to resell 3. Growth of the “near home” business format Customers are increasingly using services close to where they live. As a result, commercial real estate on the ground floors of residential complexes and within densely populated areas has risen sharply in price. Which small premises are in the highest demand In Tashkent’s real estate market, strong demand is seen for: 30–50 m² premises for coffee shops and mini-stores 50–80 m² premises for sales offices 80–120 m² units for clinics, studios, salons corner units with display windows units with a separate entrance Where to look for the most liquid assets Most promising zones: new residential complexes streets with heavy pedestrian traffic areas with active development transport hubs locations near supermarkets and banks That is exactly where small-format commercial property shows the best occupancy. Why investors are changing their strategy Previously, investors looked for one large asset. Now many prefer to buy 2–3 smaller premises instead of one large unit. This provides: risk diversification multiple tenants instead of one flexibility when selling stable cash flow For Tashkent’s commercial real estate market, this is one of the key trends of 2026. Mistakes when buying small-format commercial property Even a compact unit requires analysis. Common mistakes: buying without assessing traffic lack of parking inconvenient entrance poor visibility from the street an awkwardly shaped space A small area must be as functional as possible. Market outlook Demand for compact commercial space will continue to grow, especially in Tashkent’s new districts. Business is becoming more mobile, faster, and more cost-efficient, which means smaller premises will remain in the spotlight. Conclusion If commercial real estate used to be associated with large spaces, today the market shows something different: sometimes 40 m² in the right spot costs more and performs better than 400 m² in a weak location. That’s why small premises are becoming the new classic of the market. commercial Tashkent commercial real estate Tashkent small commercial premises Tashkent buy commercial property Tashkent real estate Tashkent commercial investments in commercial property Tashkent rent commercial premises Tashkent