The rental market in Uzbekistan shows steady growth: the volume reached 5.1 trillion soums

The rental sector in Uzbekistan continues to grow. According to the results of January–May 2025, the volume of services rendered in this area amounted to 5.1 trillion soums. The growth was 25.6% compared to the same period last year, indicating strong demand from both individuals and businesses.

The highest dynamics was recorded in the southern and central regions of the country. Surkhandarya region became the leader in terms of growth rates, where the rental segment increased by 32.4%. The Syrdarya region (28.7%) and the capital city of Tashkent (29%) also showed significant growth. These regions are characterized by a high density of economic activity, an increase in the number of entrepreneurial initiatives, and an increase in demand for commercial and residential space.

The increase in rental transactions reflects positive developments in the country's economy and increased confidence in institutionalized forms of doing business. Investment in real estate remains one of the priority areas for private capital, and the rental market is an important element in the chain of turnover of commercial and residential real estate.

The growth of the segment also correlates with the dynamics of the development of the service sector, business infrastructure and the labor market. The expansion of retail, warehouse and office space rental offers is accompanied by the emergence of new properties in the private and corporate sectors.

Experts predict a further increase in demand for leased space due to the implementation of large-scale investment programs, urbanization and the growth of small and medium-sized businesses.