Turkey Year End 2020 Market Analysis
While flexibility and productivity are the driving forces of the office market, e-commerce continues to grow exponentially and the demand for qualified warehouses is increasing.
Turkey's economy, following a decline in the second quarter, the recovery process has entered a positive growth of 6.7% in the third quarter. Although the general supply in the Istanbul office market remained at the same level as 6.46 million square meters, the supply should be reclassified in line with the necessity of qualified and modern infrastructure building solutions for healthy workplaces, while physical offices are definitely not necessary to ensure interactions, corporate culture, learning and innovation in organizations. will continue. While the industrial and logistics market gradually improves with a partial recovery, the rapidly developing outlook of e-commerce logistics is expected to continue to grow.
While the rise in logistics rents accelerates investment activities, the eyes of international investors seeking solutions to global supply chain problems and increasing costs and risks are in Turkey.