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Istanbul office market is growing

Propin Istanbul office market report
Nova Property

Propin Istanbul office market reportThe tri-monthly Istanbul office market overview report prepared by Propin has been released. The report reveals a general assessment in addition to a short-term prediction of Istanbul office market.

The report announced that there is a total of 2.6 million sqm A class office use on the 12 office regions of Istanbul by the end of 2011, and that the current stock will reach a minimum of 4 million sqm with the inclusion of launched and ready-to-launch projects.

According to 2014 year end projection of the report, the 24% of emerging office stock will be located in Kartal, Atasehir and Kagithane, all of which are the developing regions of business and 41% to be in the central business district, indicating that competition will be high along the Buyukdere line.