COMMERCIAL REAL ESTATE IN TÜRKİYE
The real estate industry in Türkiye has shown dynamic growth in recent years, reflecting strong development across all market segments.
In the office sector, Istanbul’s grade A office supply has exceeded 7,18 million square meters of GLA by mid-2025, showcasing a thriving business environment. The retail sector has also expanded significantly, with modern Shopping Centers reaching approximately 14 million sq. m of GLA, offering diverse opportunities for retailers. The industrial and logistics sector benefits from Türkiye’s strategic location as a key logistical hub, with ongoing development of state-of-the-art facilities catering to both domestic and international businesses. Additionally, Türkiye's growing appeal as a nearshoring destination has attracted a significant influx of foreign companies seeking to optimize their supply chains. This trend is driven by Türkiye’s proximity to key markets, competitive costs, and advanced infrastructure, positioning it as a prime location for international businesses looking to enhance operational efficiency and access new opportunities. The hospitality sector continues to flourish, driven by Türkiye’s rich cultural heritage and increasing tourism, leading to a growing demand for high-quality accommodation and services. Additionally, the data center sector is growing rapidly due to increasing digital infrastructure needs, while science parks are emerging as hubs for innovation and technology startups, further enhancing Türkiye’s appeal as a business destination.
Why Türkiye?
Türkiye stands at the strategic crossroads of South-eastern Europe and Western Asia, offering unparalleled connectivity between Europe and Asia. This central location is bolstered by key transport corridors such as the Trans-European Transport Network (TEN-T) enhancing Türkiye’s attractiveness for international business and logistics.
Türkiye boasts one of the largest markets in the region, with a population of approximately 85,5 million. Istanbul, the country’s economic and cultural hub, hosts around 16 million residents and is uniquely situated as a transcontinental city with significant historical and economic importance.
A key strength of Türkiye is its young and dynamic workforce, which drives innovation and supports diverse sectors of the economy. This vibrant labor force, combined with ongoing infrastructure developments, positions Türkiye as a competitive destination for businesses. The country is investing heavily in infrastructure, including transportation networks, logistics hubs, and technological advancements, which further enhances its appeal to investors and businesses.
Türkiye has also experienced a significant influx of Foreign Direct Investment (FDI), with recent figures indicating an FDI volume of approximately $11.3 billion in 2024. This reflects the growing confidence of international investors in Türkiye’s economic potential.
What we offer?
TR International is Cushman & Wakefield’s exclusive affiliate in Türkiye and operates with the aim to be Türkiye's premier real estate institution, where our deep local knowledge meets global standards of excellence. We offer a comprehensive range of real estate services to investors, occupiers, and owners across all market sectors. Our Istanbul office is here to help you capitalize on the expanding opportunities in Turkey and the surrounding region.
Our approach begins with deeply understanding your business, adapting to your needs, and implementing a cohesive service strategy to deliver maximum value. Our local, reliable, and expert team in the Turkish market distinguishes itself by providing solutions, not just services.
Our specialist teams offer expertise in the following sectors:
- Office Agency
- Retail Agency
- Industrial Agency
- Residential Agency
- Capital Markets
- Valuation & Advisory
- Asset Services
- Project & Development Services
