Istanbul Central Business District

10-degree gap exposes Istanbul’s ‘heat island effect’

A sharp 10 degrees Celsius difference in temperature observed between urbanized zones and natural havens has revealed the effects of heat islands in metropolitan hubs like Istanbul.

As asphalt roads and glass-covered buildings are becoming more prevalent, inherently, the transformation is not merely aesthetic but bears significant environmental consequences.

Vacancy rate in Istanbul office market falls significantly

The vacancy rate in Grade A offices in Istanbul, Türkiye's financial and commercial center, has declined markedly in the first quarter of 2024 compared with the same period of last year, according to a report by Cushman & Wakefield TR International.

In the January-March period of 2022, the vacancy rate stood at as high as 20 percent.

Office occupancy in Istanbul hits 10-year high

Office occupancy in Istanbul, Türkiye's financial and commercial center, has hit a 10-year high of 84.9 percent as of June, according to a report by C&W Türkiye International.

The city's office market has recovered fast from the fallout of the COVID-19 pandemic, with the general office supply in Istanbul standing at 6.46 million square meters.

Istanbul’s Şişli named most-developed district in Turkey

Istanbul's Şişli has been named Turkey's "most developed district" in a study conducted by the Industry and Technology Ministry.

The Çankaya district in Ankara ranked second, followed by Beşiktaş and Kadıköy in Istanbul. Yenimahalle, another district in the capital, came fifth in the ranking.