Commercial real estate market in Turkey

Turkey's commercial real estate market continues to show dynamic growth and a wide range of opportunities for investors in 2024.

Office real estate

The office segment remains one of the most actively developing segments. The main business centers are located in the major cities of Istanbul, Ankara and Izmir.

Istanbul leads the country in terms of office space. The greatest interest is in class A offices, especially in central and prestigious areas such as Atasehir and Maslak, where the demand for quality space continues to grow.

Retail real estate

The retail segment includes shopping centers, high street stores and outlet malls.

• Shopping centers: Turkey ranks among the leading European countries in terms of modern shopping malls. Well-known centers such as Zorlu Center, Cevahir and Kanyon are popular in Istanbul.
• Street Retail: Street stores in central neighborhoods remain in demand due to high pedestrian traffic and popularity among locals and tourists.
• Outlets: Outlets are growing in popularity in tourist regions, offering customers a wide range of well-known brands at discounted prices.

Warehousing and logistics real estate

Due to Turkey's favorable location at the crossroads of Europe and Asia, the logistics sector is growing rapidly.

• Warehouse complexes: Modern warehouse space is in demand, especially near major ports and airports. Major logistics hubs include Istanbul, Izmir and Mersin.
• Industrial Parks: The industrial parks sector provides businesses with favorable conditions for production and storage, while facilitating trade.

Investing in commercial real estate during the construction phase can be an excellent option to diversify an investment portfolio.