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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: 23-Oct-2009		 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) $ 204.00 $ 360.00 $ 222.00 $ 18.95 $ 33.44 $ 222.00 N/A 9.0%
Class A (Prime) $ 126.00 $ 306.00 $ 216.00 $ 11.71 $ 28.43 $ 216.00 15.0% 8.0%
Class B (Secondary) $ 108.00 $ 138.00 $ 135.00 $ 10.03 $ 12.82 $ 135.00 N/A 6.0%
 
Suburban Office
New Construction $ 114.00 $ 138.00 $ 126.00 $ 10.59 $ 12.82 $ 126.00 N/A 7.0%
Class A (Prime) $ 78.00 $ 120.00 $ 98.00 $ 7.25 $ 11.15 $ 98.00 20.0% 6.0%
Class B (Secondary) $ 54.00 $ 120.00 $ 86.00 $ 5.02 $ 11.15 $ 86.00 N/A 5.0%
 
Industrial
Bulk Warehouse $ 48.00 $ 84.00 $ 66.00 $ 4.46 $ 7.80 $ 66.00 N/A 9.0%
Manufacturing $ 48.00 $ 72.00 $ 60.00 $ 4.46 $ 6.69 $ 60.00 N/A 8.0%
High Tech / R&D $ 72.00 $ 96.00 $ 84.00 $ 6.69 $ 8.92 $ 84.00 N/A 9.0%
 
Retail
City Centre (High Street Shop) $ 432.00 $ 1,560.00 $ 984.00 $ 40.13 $ 144.93 $ 984.00 20.0% 8.0%
Neighborhood Service Centers $ 264.00 $ 768.00 $ 516.00 $ 24.53 $ 71.35 $ 516.00 N/A 7.0%
Community Power Center (Big Box) $ 216.00 $ 576.00 $ 396.00 $ 20.07 $ 53.51 $ 396.00 N/A 7.5%
Regional Shopping Centres/Malls $ 216.00 $ 768.00 $ 492.00 $ 20.07 $ 71.35 $ 492.00 18.0% 8.0%
Solus Food Stores $ 162.00 $ 240.00 $ 198.00 $ 15.05 $ 22.30 $ 198.00 N/A 7.0%

Development Land Low/ M2 High/ M2 Low/SF High/SF
Office in CBD $ 850.00 $ 4,015.00 $ 78.97 $ 373.00
Land in Office Parks N/A N/A N/A N/A
Land in Industrial Parks $ 265.00 $ 825.00 $ 24.62 $ 76.64
Office/Industrial Land - Non-park $ 210.00 $ 1,950.00 $ 19.51 $ 181.16
Retail/Commercial Land $ 425.00 $ 3,010.00 $ 39.48 $ 279.64
Residential $ 45.00 $ 3,010.00 $ 4.18 $ 279.64


 

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