TÜRKİYE MARKETBEAT YEAR END 2025

Geopolitical vulnerabilities persisted in 2025, while competition in technology and strategic commodities took center

- The year 2025 marked a period in which geopolitical risks in the global economy became a “persistent” variable and monetary easing steps followed a cautious path.

- While tight financial conditions constrained global growth, a strategic shift in the Chinese economy from the real estate category toward electric vehicles (EV) and high-technology manufacturing drew attention. In particular, massive investments in artificial intelligence (AI) infrastructure and the green transition process increased demand for energy and conductivity, leading to divergence in commodity markets.

Office prime rent maintains its position at the upper level at US$50

- In the fourth quarter of 2025, the global economy continued to follow a cautious course under the influence of geopolitical tensions and uncertainties in trade policies.

- In 2025, as the Istanbul Finance Center was gradually introduced to the market, new supply was added and the total supply of the Istanbul office market increased from 7.16 million sq. m to 7.53 million sq. m.

In the retail category, 2025 was a year of protection under cost pressures and the shadow of inflation

- In 2025, the retail category experienced pronounced pressures on both demand and cost sides, marking a period in which growth plans gave way to strategies focused on efficiency and preservation of existing assets.

- According to AYD/Akademetre data, in November 2025, the shopping center turnover index increased by 28.5% compared to the previous year, remaining below the inflation rate for the same month of 30.89%, resulting in a negative performance in real terms.

- Visitor footfall remained 1% below the same period last year, but increased by 4% compared to the previous month.

Global trade slows down, new searches in the supply chain

- In 2025, global trade reached a record high of US$35 trillion; however, momentum slowed significantly in the second half of the year.

- Based on current data, in Istanbul and its surroundings, Grade A warehouse leasing activity reached 110,950 sq. m in the first half of the year, while a total of 144,400 sq. m was recorded in the second half.

In 2025, housing demand increased

- The Turkish housing sector showed significant differences in 2024 and 2025. In 2025, total housing sales increased by 14.3% compared to the same period of the previous year, reaching 1.68 million units, while in the same period of 2024 this figure remained at 1.26 million units.

Increasing dormitory capacity fails to meet demand

- During the 2024–2025 academic year, despite capacity increases, dormitory availability across Türkiye remained insufficient to meet demand.

- Nationally, the total number of students in the 2024–2025 academic year decreased by 3.6% compared to the previous year, reaching 6.8 million. The total number of dormitories in Türkiye fell by 2.75% year-on-year to 5,171, while overall dormitory capacity increased by 1.47% to 1.4 million.