Turkey’s commercial real estate: office space demand grows
Commercial real estate market has become an attractive option for investors due to growing demand for offices since the pandemic impact has reduced. The industry representatives note that a shortage in the office market may occur next year due to the growing demand.
The construction of new offices was almost frozen over the past five years. Currently, Turkish developers are resuming work on commercial objects. Mahir Mermer, the office leasing director at JLL Turkey, said that the International financial centre spaces can contribute to solving the supply shortage issue in Istanbul.
144,373,000 TRY
Total area 1,500 m² Room stock: 12
394,250,000 TRY
Total area 1,000 m² Room stock: 80
366,486,000 TRY
Total area 1,500 m² Room stock: 80
88,845,000 TRY
Total area 400 m² Room stock: 15
1,582,555,000 TRY
Total area 16,800 m² Room stock: 350
916,216,000 TRY
Total area 12,000 m² Room stock: 145
86,069,000 TRY
Total area 700 m² Land area: 1,000 m²
Price on request
Number of parking lots: 330 35-floor building
The financial centre has an office space area of 1.5 million square metres. Although the government agencies are expected to use half of its offices, approximately 850,000 square metres of office space will be rented out. Also, Mahir Mermer said the demand for secondary properties will grow in areas with more office spaces, such as Kyagytkhan.
Source: Dunya
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