TÜRKİYE MARKETBEAT Q2 2026

Prime rents have begun an upward trend

As of this quarter, prime rents increased by 13% year over year, reaching US$52/m² per month. Persistently low vacancy rates in the Central Business District (CBD) and the limited supply of prime office space remain the key factors supporting rental stability . In particular, sustained demand for high-quality office buildings with strong transportation links and international-standard specifications has driven prime rents above their previous level.

Evolving consumer preferences are transforming the retail landscape

The retail sector demonstrated resilience during the first half of 2026 despite pressure on consumer purchasing power and elevated operating costs. Limited availability of high-quality space and robust occupancy levels led retailers to prioritize portfolio retention and space optimization over rapid store expansion. At the same time, the growing emphasis on experience-led consumption, social engagement and accessible luxury continued to reshape tenant-mix strategies.

The industrial sector continues to face cost pressures

Turkish industry has faced not only rising production costs, difficulties in accessing finance, and imbalances between exchange rates and inflation in recent years, but also the changing dynamics of global competition . China’s low-cost, high-efficiency production model has intensified pricing pressure across many sectors, weakening the competitiveness of businesses engaged in low-value-added production and unable to achieve technological differentiation.