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Istanbul, Turkey

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Treas
Last Updated: 28-Oct-2010		 Market Overview
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Market Research

* Click on each category for a detailed definition.
Rent/M2/Year RENT/SF/Year
Low High Effective Avg. Low High Effective Avg. Vacancy Investment Yield
City Centre Office
New Construction (AAA) $ 240.00 $ 589.00 $ 414.00 $ 22.30 $ 54.72 $ 414.00 N/A 9.0%
Class A (Prime) $ 300.00 $ 432.00 $ 366.00 $ 27.87 $ 40.13 $ 366.00 9.7% 8.0%
Class B (Secondary) $ 243.00 $ 262.00 $ 252.00 $ 22.58 $ 24.34 $ 252.00 9.1% 6.0%
 
Suburban Office
New Construction $ 189.00 $ 226.00 $ 207.00 $ 17.56 $ 21.00 $ 207.00 N/A 7.0%
Class A (Prime) $ 183.00 $ 169.00 $ 176.00 $ 17.00 $ 15.70 $ 176.00 N/A 6.0%
Class B (Secondary) $ 121.00 $ 227.00 $ 174.00 $ 11.24 $ 21.09 $ 174.00 N/A 5.0%
 
Industrial
Bulk Warehouse $ 54.00 $ 66.00 $ 60.00 $ 5.02 $ 6.13 $ 60.00 N/A 9.0%
Manufacturing $ 40.00 $ 56.00 $ 48.00 $ 3.72 $ 5.20 $ 48.00 N/A 9.0%
High Tech / R&D $ 64.00 $ 68.00 $ 66.00 $ 5.95 $ 6.32 $ 66.00 N/A 9.0%
 
Retail
City Centre (High Street Shop) $ 570.00 $ 1,800.00 $ 1,185.00 $ 52.95 $ 167.22 $ 1,185.00 N/A 8.3%
Neighborhood Service Centers $ 306.00 $ 890.00 $ 598.00 $ 28.43 $ 82.68 $ 598.00 N/A 7.0%
Community Power Center (Big Box) $ 250.00 $ 668.00 $ 459.00 $ 23.23 $ 62.06 $ 459.00 N/A 7.3%
Regional Shopping Centres/Malls $ 360.00 $ 780.00 $ 570.00 $ 33.44 $ 72.46 $ 570.00 N/A 9.3%
Solus Food Stores $ 188.00 $ 278.00 $ 233.00 $ 17.47 $ 25.83 $ 233.00 N/A 7.0%

Development Land Low/ M2 High/ M2 Low/Acre High/Acre
Office in CBD $ 850.00 $ 4,015.00 $ 3,439,833.27 $ 16,248,153.62
Land in Office Parks N/A N/A N/A N/A
Land in Industrial Parks $ 265.00 $ 650.00 $ 1,072,418.61 $ 2,630,460.74
Office/Industrial Land - Non-park $ 375.00 $ 1,600.00 $ 1,517,573.50 $ 6,474,980.27
Retail/Commercial Land $ 560.00 $ 4,200.00 $ 2,266,243.10 $ 16,996,823.21
Residential $ 70.00 $ 2,000.00 $ 283,280.39 $ 8,093,725.34


 

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