TÜRKİYE MARKETBEAT Q1 2025

OFFICE MARKET OVERVIEW

At the end of the first quarter of 2025, the overall supply in the Istanbul office market recorded 7.18 million sq.m. During the quarter, a total of 67,089 sq.m of leasing transactions were completed, reflecting a 17% decline compared to the same period of the previous year.

RETAIL MARKET OVERVIEW

Amid ongoing economic uncertainty and persistent high inflation, the sustained level of demand from occupiers and the limited supply environment have played a critical role in supporting rent levels.

INDUSTRIAL & LOGISTICS MARKET OVERVIEW

Due to the limited supply of warehouses and the prevalence of small-scale spaces in the current stock, the average leased warehouse size has decreased by 40% compared to the previous year.