According to the Cushman & Wakefield report, in the second quarter of 2017, office rentals were mostly conducted in Levent, Maslak, Gayrettepe, Esenyurt and Zincirlikuyu regions. When compared with the same period of the report in 2016, a 2-fold increase in office rents was observed and the new office space market of 82 thousand 774 square meters was put on the market. According to the report, in the second quarter of 2017, a total of 69 thousand 571 square meters office leasing took place, half of these figures as a new lease. New office leases increased by 72.5 percent compared to the same period of 2016.
According to a report prepared by Cushman & Wakefield, a real estate consultancy firm, Umraniye county has been in the forefront of Anatolian near Levent, Maslak, Zincirlikuyu, Gayrettepe and Esenyurt in 53 percent of office rentals on a square meter basis. In addition to office rentals, vacant offices were also reviewed, with a rate of 21 percent. This ratio was found to be stable according to the first quarter of this year. The regions where the vacancy rates are increased are Ataşehir, Göztepe, İçereneköy and Kavacık. According to the report, it is shown that there is a ‘significant’ rise in supply as the reason for the increase in vacancy in these regions. Levent, Maslak and Kağıthane have seen a decrease in areas such as.
Cushman & Wakefield’s report also covers warehouse and logistics area rentals. In the second quarter of 2017, a warehouse and logistics area of 116 thousand square meters was rented in Istanbul. On the other hand, it has been stated that rents in warehouse and logistics areas have seen a decline. The currency fluctuations were shown as the reason for the decline in rent prices. According to the report, while the demand from the retail sector was falling, public and logistics companies were found to be the most active users for the second half of 2017.