With a structure covering the Büyükdere Avenue, Esentepe, Gayrettepe, Levent and Maslak axis, Istanbul's Central Business District (CBD) is Turkey's most important corporate office market.
Vacancy rates observed in Grade A plaza offices in recent years have created a clear divergence between old and new-generation office stock.
Modern office buildings with high earthquake safety, sustainability standards and strong technical infrastructure stand out with lower vacancy rates.
By contrast, older office stock in need of conversion can offer investors repositioning and value-add opportunities.
Corporate companies' demand for quality offices remains strong, especially in central locations with transport advantages.
Foreign currency-based rental potential and limited new supply are among the important factors supporting the long-term investment value of premium plaza offices.
Istanbul's Central Business District continues to offer selective investors opportunities for both income generation and capital growth.