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| Title | Turkey Commercial Real Estate Market Size, Share, Trends and Report 2025-2033 |
|---|---|
| Category | Business --> Business and Society |
| Meta Keywords | turkey commercial real estate market |
| Owner | Lakshaygagda |
| Description | |
| Turkey Commercial Real Estate Market Overview Base Year: 2024 Historical Years: 2019-2024 Forecast Years: 2025-2033 Market Size in 2024: USD 92.78 Billion Market Forecast in 2033: USD 172.00 Billion Market Growth Rate (2025-33): 6.82% The Turkey commercial real estate market size was valued at USD 92.78 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 172.00 Billion by 2033, exhibiting a CAGR of 6.82% from 2025-2033. The market is expanding due to urbanization, foreign investment, and infrastructure development. Demand for mixed-use properties, logistics hubs, and smart office spaces is rising, while sustainability trends and government incentives continue to shape investment strategies and market dynamics. For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/turkey-commercial-real-estate-market/requestsample The Turkish logistics and industrial real estate market segment is experiencing a profound transformation, propelled by a confluence of strategic geographic advantages and evolving global supply chains. As a pivotal nexus between Europe and Asia, Turkey's industrial hubs, particularly those in Istanbul, Izmir, and Anatolian cities like Bursa and Kocaeli, are witnessing unprecedented demand from both international and domestic occupiers. This surge is not merely a post-pandemic recalibration but a structural shift, driven by nearshoring strategies as companies seek to de-risk their supply lines and reduce dependency on longer maritime routes. The market is responding with a sophisticated development pipeline focused on state-of-the-art, high-cube warehouses and distribution centers equipped with advanced automation and sustainable features. Recent quarterly analyses indicate a record absorption rate, with prime logistics rents in key corridors demonstrating resilient growth despite global economic headwinds. The proliferation of e-commerce continues to be a primary demand driver, compelling logistics operators to expand their footprints significantly, with a notable trend towards last-mile delivery facilities integrated within urban peripheries to optimize delivery timelines. This dynamic is creating a highly competitive investment landscape, where institutional capital is actively pursuing development partnerships and build-to-suit projects, signaling a long-term conviction in the sector's fundamental strength and its critical role in regional trade flows. The office market in Turkey is undergoing a fundamental redefinition, moving beyond its traditional function to become a strategic tool for talent attraction and operational resilience. While the flight-to-quality trend remains potent, with sustained pre-leasing activity for Grade-A, sustainable buildings in central business districts like Maslak and Ataşehir, the most significant trend is the strategic integration of flexible workspace solutions. Corporations are increasingly adopting a core-and-flex portfolio approach, maintaining a smaller central headquarters while supplementing with agile, managed offices and co-working memberships to accommodate hybrid work patterns. This is not a reduction in overall demand but a qualitative shift towards spaces that prioritize employee well-being, collaboration, and advanced technological integration. Landlords who are proactively retrofitting existing assets with high-quality amenities—such as conference facilities, wellness centers, and superior end-of-trip facilities—are achieving higher occupancy premiums and tenant retention rates. Furthermore, a clear bifurcation is emerging between premium, well-amenitized assets that command resilient rental values and older, secondary stock facing downward pressure, underscoring a market where quality and flexibility are paramount. This evolution reflects a deeper understanding that the office must now earn its commute by offering an experience that cannot be replicated in a remote setting. Contrary to global narratives of retail decline, the Turkish retail real estate market is demonstrating a vigorous recovery, characterized by a powerful consumer-driven demand for experiential and mixed-use destinations. While inflation and currency fluctuations present challenges, they have also catalyzed a robust domestic consumption story, with footfall and sales figures in prime shopping centers consistently outperforming projections. The key differentiator for success has been the sector's pivot from pure transactional space to curated social and entertainment hubs. Leading mall developers are aggressively re-tenanting their portfolios, reducing traditional apparel footprints in favor of F&B concepts, entertainment venues, fitness centers, and educational spaces that encourage prolonged dwell times and repeat visits. The outlet center segment, in particular, is exhibiting remarkable growth, as value-conscious consumers seek branded quality at accessible price points. This trend is complemented by the maturation of the retail investment market, where prime high-street locations in Istanbul and Ankara continue to attract significant capital from high-net-worth individuals and family offices seeking inflation-resistant, tangible assets. The future trajectory points towards a more sophisticated, segmented retail landscape where physical stores serve as vital brand engagement touchpoints within an omnichannel strategy, solidifying the sector's central role in the urban fabric. Turkey Commercial Real Estate Market Industry Segmentation: Analysis by Type:
Analysis by End Use:
Regional Analysis:
Competitive Landscape: The competitive landscape of the industry has also been examined along with the profiles of the key players. Request Customization: https://www.imarcgroup.com/request?type=report&id=23703&flag=E
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization. About Us: IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research. Contact Us: IMARC Group 134 N 4th St. Brooklyn, NY 11249, USA Email: sales@imarcgroup.com Tel No:(D) +91 120 433 0800 United States: +1-201971-6302 | |