Home Recent News Avi Alkaş Comments on Shopping Areas in Istanbul

Avi Alkaş Comments on Shopping Areas in Istanbul

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Avi Alkaş, the President for Turkey of Jones Lang LaSalle (JLL)

Avi Alkaş, who stated that there had been important changes in the famous shopping streets in Istanbul, said, “Certain buildings are being demolished and converted into stores again. The square meter rental prices of the stores on these streets has reached 125-300 Dollars.”

Abdi İpekçi Street, Nişantaşı
Abdi İpekçi Street, Nişantaşı

Avi Alkaş, the President for Turkey of Jones Lang LaSalle (JLL), which provides financial and professional consultancy services in the field of real estate, stated that Bağdat, İstiklal, Abdi İpekçi, Bahariye, Beşiktaş and Alemdağ are among the most important shopping streets in Istanbul, and said, “There are stores for which the price has risen to 300 dollars per square meter on İstiklal Street. Bağdat Street is the same. The square meter price of the most expensive store on Abdi İpekçi Street has reached 250 dollars. This figure is 140 dollars in Bahariye and 125 dollars in Beşiktaş and Alemdağ. There are significant changes taking place at the moment. Certain buildings are being demolished and converted into stores.”

Emphasizing that shopping tourism needed to be reinforced with health, old age, faith and convention tourism, Alkaş said, “Istanbul needs to be a city where all of the important conventions are held and repeated.”

Shopping Centers for Universities

Cevahir Shopping Mall, İstanbul
Cevahir Shopping Mall, İstanbul

Stating that the shopping centers and hospitals could be part of the same combined projects within the scope of health tourism, Alkaş said, “This should be done because there are lengthy accommodations here due to lengthy treatments. For instance I see people who have come for hair transplants walking around in shopping centers with caps on their heads. Not to mention the fact that it is not aesthetic.”

Alkaş also stated that institutions of higher education and shopping centers could be nested within one another in particular, in combined projects, and in certain areas, to a degree which is permitted by the laws. Alkaş continued as follows:

“On the other hand, courses such as vocational and skill developing courses can be set up in shopping centers. Additionally, certain inactive cinema, conference and meeting rooms can be converted into multi-purpose use, and used for these types of courses.”

First stop Montenegro after the cooperation

Avi Alkaş also made the following statement concerning the cooperation they have entered into with mall partners a short time ago: “I can say that we have ensured an awesome coalition. It would have been a pity if the experience in retail possessed by both parties had remained only in Turkey. There was a need for a stronger team in order to be able to carry our strength in the domestic market to the nearby geographical regions. We will expand to the Greek, Bulgarian, Albanian, Azeri and Kazakh markets with this cooperation. Indeed, we are about to begin a project in Montenegro as well.”

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