Offices in Istanbul
Istanbul offers a flexible investment environment and advanced infrastructure, making it an ideal destination for ambitious companies.
Investors often set their sights on Istanbul's offices to grow their businesses in one of the most prominent commercial and economic centers in Turkey and the world.
This article helps you explore the best locations to buy an office in Istanbul, along with important tips provided by real estate experts.
Why is Buying an Office in Istanbul a Profitable Investment?
Here are the key factors that make Istanbul stand out in the context of commerce and business:
- Strategic Global Location
Istanbul is situated at the crossroads between Europe and Asia, making it a major hub for international trade and shipping. It offers easy access to European and Asian markets, and it is close to the Middle East and North Africa.
- Diverse and Dynamic Economy
Istanbul is the economic engine of Turkey, contributing significantly to the country’s GDP. It’s not only a financial and commercial hub but also home to industries such as manufacturing, logistics, tourism, and technology.
- Promising Real Estate Market
There is increasing demand for offices and commercial buildings in Istanbul’s developed neighborhoods. Modern areas like Atasehir, Levent, and Maslak serve as financial hubs hosting numerous international and local companies, enhancing business success opportunities.
- Advanced Infrastructure
This includes extensive highway networks and international airports such as the new Istanbul Airport and Sabiha Gokcen Airport, along with world-class logistics facilities, greatly facilitating the movement of goods and people.
- Encouragement of Foreign Investment
Turkey, particularly Istanbul, offers many incentives to foreign investors, including tax exemptions and foreign direct investment programs. The government encourages investments in vital sectors like real estate, industry, and financial services, making it easier for companies to enter the Turkish market.
- Rapid Growth in the Technology Sector
Istanbul is witnessing significant growth in the technology and startup sectors. Many large tech companies and startups have chosen Istanbul as their regional hub due to the availability of young talent, government support for digital and innovative initiatives, and a favorable legal environment for both local and foreign businesses.
- Major Financial and Commercial Centers
The city hosts several key financial districts, such as Levent, Maslak, and Atasehir, which are home to the headquarters of many large international and local companies.
Where are the Best Locations to Buy Offices in Istanbul?
Istanbul's office market is diverse, with many vibrant areas, especially those with high population density and proximity to transportation networks.
Here are some of the top locations offering the best long-term conditions:
- Esenyurt
One of the fastest-growing areas in European Istanbul, attracting investors with its developed infrastructure projects and reasonable real estate prices. It is near industrial zones and major business centers, with access to the E-5 highway, which connects European and Asian sides of Istanbul.
- Kadikoy
The heart of the Asian side, Kadikoy boasts a strong transportation network linking it to various parts of Istanbul, particularly the E5 highway that separates it from the vital districts of Umraniye and Atasehir. This area is attractive to companies targeting high-end clientele due to its large shopping centers and luxurious restaurants.
- Atakoy
A prestigious area near the coast of the Sea of Marmara on the European side, it has a unique commercial position due to its proximity to Ataturk International Airport and the E5 highway, providing excellent opportunities for companies looking for a prime location and fast transport options.
- Beylikduzu
A modern area on the European side, known for its advanced urban planning and a wide range of commercial real estate options. It attracts companies seeking affordable locations with promising business futures, especially with a growing population and developing infrastructure.
- Atasehir
The new financial center of Istanbul, located on the Asian side and home to many banks and major financial institutions. With advanced infrastructure and a central location, it has become an excellent financial and commercial hub for companies looking to reach a wide customer base.
- Sirinevler
Located strategically on the European side of Istanbul, giving it an active commercial character. It connects the city center to industrial areas, making it a preferred location for companies seeking easy access to transportation networks.
Office Prices in Istanbul
As with any real estate, office prices depend on the quality of the location, space, and finishing.
Here are approximate prices for offices in some of the mentioned areas:
| Location | Office Size | Office Type | Price (Approx.) |
|---|---|---|---|
| Esenyurt | 1 room | Standard office | $90,000 |
| Atasehir | 150 sqm | Modern commercial complex | $450,000 |
| Atasehir | - | Luxury office | Up to $600,000 |
| Beylikduzu | 120 sqm | Modern business complex | $200,000 |
| Atakoy | 160 sqm | Standard office | $500,000 |
| Atakoy | - | High-end office | Up to $700,000 |
| Kadikoy | 140 sqm | Modern building office | $400,000 |
Expert Tips for Buying an Office in Istanbul
Real estate experts offer several tips to help you make a wise investment decision when buying an office in Istanbul:
- Choose a Strategic Location
Focus on areas with financial institutions, rapid development, and proximity to transportation.
- Check the Infrastructure Quality
Ensure the building has modern infrastructure, including parking, elevators, and advanced communication and internet facilities.
- Verify the Legal Documents
Experts recommend reviewing legal documents such as the title deed (Tapu) and ensuring the building is licensed for commercial use and complies with municipal regulations.
- Consider the Investment Return
Calculate the potential return on investment, especially if the goal is to lease the office. Know the average rent in the area and the expected price appreciation over time.
- Choose the Right Space
Select a space suitable for your current and future employees. A well-designed office gives a positive impression to clients.
- Negotiate the Price and Payment Terms
It’s important to negotiate with the seller to get the best possible price, and consider reviewing payment terms such as flexible plans or financing options.
- Select the Right Work Environment
A pleasant surrounding environment, such as nearby cafes, restaurants, and banks, can significantly impact your ability to attract customers and employees.
- Consider the Area’s Future
Look for areas with promising future projects, such as new infrastructure developments and upcoming metro stations, which can enhance the long-term value of the office.
