Colliers: Total stock of Class A office space in Istanbul up 6.50% in 2Q15

TrendTracker_2

Colliers International noted that the total ‘speculative’ stock of Class A office space in the nine sub-markets of Istanbul amounted to 2.43mn square metres at the end of 2Q15, or 6.5% more than three months previously. The overall vacancy rate was 24.4%, varying between 0.00% in Altunizade and 36.6% in Kozyatagi/Atasehir. Average rents ranged from USD13.4 per square metre per day in Bati-West (near the Atatürk International Airport) to USD35.5 per square metre per day in Istanbul’s CBD.

Source : September 2015/Colliers/Istanbul/OFF

Disclaimer
'All articles and information are based on publicly available data from identified and defined sources. The sources include leading consultancies, think tanks, official statistics offices, trade associations, real estate companies and work of third parties. The data, information, suggestion and articles are not a recommendation for any action. We accept no liability for any loss resulting from decision that is based on an article. We accept no responsibility for any errors and omissions in any published article or work.'