About |
Offices |
People |
News |
Contact |
REALTrac™ |
Market Research

Properties
 


Istanbul, Turkey

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

Market Research provided by NAI Treas
Last Updated: 29-Feb-2008		 Market Overview
Print This Page
Market Research

* Click on each category for a detailed definition.
NET RENT/M2/MONTH NET RENT/SF/YEAR
Low High Effective Avg. Low High Effective Avg. Vacancy Investment Yield
City Centre Office
New Construction (AAA) $ 18.00 $ 33.00 $ 25.00 $ 20.07 $ 36.78 $ 25.00 N/A 10.0%
Class A (Prime) $ 11.50 $ 28.00 $ 19.75 $ 12.82 $ 31.22 $ 19.75 15.0% 9.0%
Class B (Secondary) $ 9.50 $ 13.00 $ 11.25 $ 10.59 $ 14.49 $ 11.25 N/A 7.0%
 
Suburban Office
New Construction $ 10.00 $ 13.00 $ 11.50 $ 11.15 $ 14.49 $ 11.50 N/A 8.0%
Class A (Prime) $ 7.00 $ 11.00 $ 9.00 $ 7.80 $ 12.26 $ 9.00 20.0% 7.0%
Class B (Secondary) $ 5.00 $ 11.00 $ 7.75 $ 5.57 $ 11.71 $ 7.75 N/A 6.0%
 
Industrial
Bulk Warehouse $ 3.00 $ 6.00 $ 4.50 $ 3.34 $ 6.69 $ 4.50 N/A 8.0%
Manufacturing $ 3.00 $ 6.00 $ 4.50 $ 3.34 $ 6.69 $ 4.50 N/A 9.0%
High Tech / R&D $ 5.00 $ 8.00 $ 6.50 $ 5.57 $ 8.92 $ 6.50 N/A 9.0%
 
Retail
City Centre (High Street Shop) $ 40.00 $ 160.00 $ 100.00 $ 44.62 $ 178.36 $ 111.48 N/A 9.0%
Neighborhood Service Centers $ 25.00 $ 80.00 $ 52.50 $ 27.87 $ 89.19 $ 58.53 N/A 8.0%
Community Power Center (Big Box) $ 20.00 $ 60.00 $ 40.00 $ 22.30 $ 66.88 $ 44.59 N/A 8.5%
Regional Shopping Centres/Malls $ 20.00 $ 80.00 $ 50.00 $ 22.30 $ 89.18 $ 55.74 N/A 9.0%
Solus Food Stores $ 15.00 $ 25.00 $ 20.00 $ 16.72 $ 27.87 $ 22.30 N/A 7.0%

Development Land Low/ M2 High/ M2 Low/SF High/SF
Office in CBD (per buildable M2/SF) $ 800.00 $ 4,000.00 $ 74.00 $ 372.00
Land in Office Parks N/A N/A N/A N/A
Land in Industrial Parks $ 250.00 $ 800.00 $ 23.00 $ 74.00
Office/Industrial Land - Non-park $ 200.00 $ 2,000.00 $ 19.00 $ 186.00
Retail/Commercial Land $ 400.00 $ 3,000.00 $ 37.16 $ 279.00
Residential $ 40.00 $ 3,000.00 $ 4.00 $ 279.00


 

Home | Contact Us | Privacy Policy | Site Admin Build on the power of our network™ 1 609 945 4000
NAI Global® is not affiliated with the Appraisal Institute®, or its MAI designation.