Istanbul office occupancy hits 12-year high
Real Estate
ISTANBUL Istanbul’s office market achieved a remarkable milestone in June as occupancy rates soared nearly 90 percent, reaching their highest level in 12 years. The total office supply in the city now stands at 7.12 million square meters. According to a real estate market report prepared by a global commercial real estate services firm, commercial real estate developments in the first half of 2024 favored property owners, driven by a robust increase in rents. Office rents surged by 77 percent
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