According to the latest report by IMARC Group, titled “Turkey Commercial Real Estate Market Report by Type (Rental, Sales), End Use (Offices, Retail, Leisure, and Others), and Region 2024-2032,” the report presents a thorough review featuring the Turkey commercial real estate market growth, share, trends, and research of the industry. The market is projected to exhibit a growth rate (CAGR) of 7.10% during 2024-2032.
The Turkey commercial real estate market is expanding rapidly due to several interconnected factors. Primarily, the market is driven by growing economic growth, increased urbanization, as well as rising foreign investments. Meanwhile, the country has a great need for logistical centers, retail establishments, and offices. Additionally, the growth of e-commerce is fueling the demand for warehousing as well as distribution facilities.
In line with these factors, several initiatives of the government bodies, such as urban transformation projects and infrastructure development, are also propelling the Turkey commercial real estate market. Moreover, Turkey’s strategic location as a bridge between Europe and Asia is enhancing its appeal as a business hub, attracting international companies and investors seeking regional bases.
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Turkey Commercial Real Estate Market Trends & Drivers:
The Turkey commercial real estate market is seeing a significant rise in the popularity of sustainability trends. In addition to these factors, the global trend toward more sustainable behaviors is reflected in the increased interest in smart technologies, energy-efficient buildings, as well as green certifications. Meanwhile, to address the growing demand for green buildings, which also assist in lower operating costs, investors and developers are concentrating on creating eco-friendly commercial spaces.
Furthermore, the expansion of flexible workspaces and co-working models is influencing the office space market. Apart from these factors, as businesses adapt to hybrid work models, the demand for flexible and modern office environments is expected to continue growing. This trend, coupled with technological advancements, is anticipated to shape the Turkey commercial real estate market in the coming years.
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Turkey Commercial Real Estate Market Report Segmentation:
The report provides an analysis of the key trends in each segment of the market, along with forecasts at the country levels for 2024-2032. The market has categorized based on type, and end use.
Breakup by Type:
- Rental
- Sales
Breakup by End Use:
- Offices
- Retail
- Leisure
- Others
Breakup by Region:
- Marmara
- Central Anatolia
- Mediterranean
- Aegean
- Southeastern Anatolia
- Blacksea
- Eastern Anatolia
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Competitor Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Key highlights of the Report:
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Market Dynamics
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
- Top Winning Strategies
- Recent Industry News
- Key Technological Trends & Development
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Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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