Türkiye’s commercial property market presents a dynamic and evolving landscape, driven by the country’s strategic location bridging Europe and Asia, its young population, and sustained urbanization. Major cities such as Istanbul, Ankara, and Izmir continue to attract both domestic and international investors, supported by government-led infrastructure projects and favorable investment incentives.
Office Sector:
Istanbul dominates Türkiye’s office market, particularly in areas like Levent, Maslak, and Kozyatağı. Demand for Grade A office spaces remains stable, although the hybrid work trend post-pandemic has led to moderate vacancy rates. New office developments emphasize sustainability and flexible leasing structures to attract multinational tenants.
Retail Sector:
Türkiye’s retail market is resilient, supported by a large consumer base and strong tourism flows. Shopping centers, particularly in major cities and tourist hubs, continue to perform well. The growth of e-commerce has influenced retail strategies, with increasing demand for urban logistics centers and last-mile delivery facilities.
Industrial & Logistics:
The logistics and industrial property segment is one of the fastest-growing sectors, driven by Türkiye’s key role in regional supply chains. Strategic hubs near Istanbul, Kocaeli, and Bursa are highly sought after, with increasing demand for modern warehousing and distribution centers, particularly from e-commerce and manufacturing companies.
Hospitality & Tourism:
Türkiye remains a top global tourist destination, fueling steady growth in the hospitality real estate segment. Coastal cities and heritage-rich areas offer significant investment opportunities in hotels, resorts, and mixed-use developments.
Investment Outlook:
Despite macroeconomic challenges such as currency volatility and inflation, Türkiye’s commercial property market offers competitive yields and long-term growth potential. Investor confidence is supported by Türkiye’s ongoing efforts to attract foreign direct investment and improve market transparency.