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Hassan Al-Taha Street in the city of Deir Ezzor has witnessed a significant increase in commercial shop rents following the return of activity to the area and the revival of its commercial movement in recent months.
The rent of some shops has reached nearly 3 million Syrian pounds per month an unprecedented rise in years which has sparked discontent among many merchants and professionals who rely on this vital street for their daily work.
This rapid increase coincides with growing demand for opening new shops due to a relative improvement in economic activity, in addition to the street’s distinguished location as one of the city’s most important commercial centers. Specialists believe that the limited number of ready-to-operate shops and the rising demand for them were among the main factors that led to this notable surge in rents.
In an interview conducted by Deir Ezzor 24 Network with Abu Muhammad, one of the tenants on the street, he explained that this increase is “illogical” compared with the current economic reality. He said, “We strive to work and earn our living with dignity, but the high rents consume most of our profits. Previously, shop rents were much lower, but now renting even a small shop has become a heavy monthly burden that many cannot afford.” He added, “Some shop owners raise prices as soon as demand increases, without considering the tenants’ circumstances or the actual level of commercial activity.”
While some merchants consider the rise in rents a natural result of the return of commercial activity, others believe that regulations are needed to organize the rental market and curb excessive increases, in order to protect the continuity of small businesses that form the backbone of the region’s economic movement.
The surge in commercial shop rents on Hassan Al-Taha Street reflects one aspect of the city’s economic recovery, but at the same time poses a significant challenge to business owners, making the search for balanced solutions essential to ensure the sustainability of commercial activity in Deir Ezzor.
