Buying offices in Istanbul is one of the ideal alternatives for investors who are interested in getting remarkable and stable returns on their investments. Istanbul is a huge city and it is developing rapidly, investing in these commercial units will grant not only high income but also massive value appreciation within a short period, especially when buying the office in a strategic location. Istanbul is considered to be the industrial capital of Turkey and it has many huge business centers. Demand for offices is increasing dramatically all around the city due to its fast development. Nowadays, offices can also be found in new stylish compounds, the demand for offices located in compounds is increasing, as compounds provide more social facilities, services, and 24/7 security.
Prices for offices can differ from 1000 USD/m2 to 10000 USD/m2. The reason for this wide range is mainly the location of the offices in the first place. Offices located in the city center are more expensive in comparison with those located in the suburbs. The age of the office and the quality of the construction also play their role in defining the prices, but the location is considered to be the most important factor among others. Prices for offices in the newly developing business centers such as Basin Ekspres area are quite reasonable and have a very bright future in terms of value appreciation.
Offices can be found nearly everywhere around Istanbul, but they are concentrated in Istanbul’s business centers which are mainly in the center of the city where old business districts exist and new developing areas of the city where new real estate developments take place.
Business centers located in central areas such as Levent and Maslak. Offices located in these areas are considered to be the most expensive offices due to their prime location and high construction quality. For years, Levent has been in the main commercial center of Istanbul where Isbank Towers, Sabanci Holding Towers, Garanti Bank and Yapi Kredi Bank towers had been standing. Maslak became also afterwards for the last 10 years a major business district as many commercial towers were built in the region and many companies shifted their business to this area.
Business centers in the suburb developing areas such as Basin Ekspres. Offices located in these areas are cheaper compared to the city center and have higher potentials for value appreciation. Properties in the suburbs gain value appreciation rapidly compared to those located in the city center. Atasehir will also become a big commercial business center in Istanbul in future years as very big construction projects are being built in that area with the support of the government. Several banks in Turkey will move their headquarters to Atasehir once the area is ready.
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