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Turkey Serviced Office MarketView
Serviced office providers have expanded their fields in response to the growing demand for flexible workspaces in Turkey.
Read FigureLatest Market Reports
As a result of the increasing occupancy rates and the limited vacant office space in the office markets, it is possible to conclude that transaction volumes decreased, and rental prices increased in the 1st Quarter of 2023.
Looking back at the 2022 retrospective, it is possible to conclude that the landlords continue to have leverage because of the high demand and high occupancy rates in the office markets.
With the pandemic's impacts lessening and the normalization process taking place, the office market remained active in the second quarter. The market's activity has led to a continued decline in vacancy rates.
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Turkey Research Contact
Leadership
Neil Blake, Ph.D.
Head of Forecasting, Global Economist, Econometric Advisors
Kasia Dziewulska
Global Director of Client Care, Consulting, Data & Forecasting Products
Nicole La Russo
U.S. Head of Field Research & Data Intelligence
Dennis Schoenmaker, Ph.D.
Executive Director & Principal Economist, CBRE Econometric Advisors
Property and Industry Experts
Other Regional Research Heads
Pierre-Edouard Boudot
France
Jan Linsin
Germany and Austria
Jussi Niemistö
Head of Research, Nordics