2024 Istanbul Office Market Outlook
The current office is 7.4 million m². Office living area under construction is 130,000 m².
The current office is 7.4 million m².
Office living area under construction is 130,000 m².
The occupancy rate is 95%.
Primary rental price m² / 50 USD.
Sales price m² / 9,500 USD.
In the first half of 2024, office rental prices increased noticeably throughout Istanbul.
Office rental prices increased by 25% in USD in 2024 compared to 2023.
Office rental price per m² in Levent region: 40-55 USD, 24-45 USD in Maslak region, 25-30 USD in Altunizade, 30-35 USD in Kozyatağı, 20-25 USD in Kavacık.
Office sales m² price in Levent region: 6,500-11,000 USD, 6,000-8,000 USD in Maslak region, 3,200-4,500 USD in Altunizade, 3,600-5,500 USD in Kozyatağı, 2,500-3,500 USD in Kavacık.
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