Istanbul is a truly fantastic city with the population of 15 million people. Its economic superpower generates over one-third of Turkey's GDP. It is a huge industrial center producing textiles, cement, tobacco, olive oil, cotton, paper, silk, leather, etc. Istanbul is also the central trade hub of Turkey handling almost half of all its import-export operations. It is also the country’s leading market for financial and banking services. The city’s thriving consumer markets attract numerous companies and entrepreneurs from the entire world, which creates an unprecedented demand for office rent in Istanbul as well as houses and apartments. The construction boom makes commercial and residential property development in Istanbul immensely profitable business.
Istanbul is a magnet for millions of tourists – it is the fifth most visited city in the world. It is not surprising that it was selected a European Cultural Capital in 2010. One need weeks to see all the treasures of this unique place, which lies on two continents. The city has everything: unrivaled cultural heritage, marvelous views, vibrant nightlife, grand hotels, and countless events that are, without a doubt, worth attending.
The city government has developed an effective transport infrastructure to cater to the needs of all the tourists and residents. A lot of effort is made to make the megalopolis as accessible as possible.
Istanbul has two airports - Istanbul Atatürk Airport and Sabiha Gökçen International Airport.
Istanbul’s New Airport is located in Arnavutköy district of the European part of the city. This giant with six runways, a massive car park with 24,000 parking slots, and the capacity of up to 200 million people annually will become the world's biggest airport. The completion of the project will help achieve the government’s ambitious goal of turning the city into the world’s foremost aviation hub.
Over a third of all A-grade office space for rent in Istanbul are located in central business districts: Levant, Maslak, and Kagithane. They are the heart of business life in the city, so numerous business centers offer prestigious office space for rent in CBD of Istanbul. The most popular is the Levent region – former industrial area, which is now the most coveted office location in the city. It became more accessible in 2000 due to the opening of Taksim-Levent metro line, which naturally increased the demand for office lease here. The Maslak district can also boast a wide variety of business centers, where world famous brands and institutions rent workspace. There is also a convenient metro line here, which attracts new tenants. The Kagithane region offers lower office rental rates due to transport problems which are expected to be solved in 2017 with the new metro route completion.
The New City’s commercial districts have many of Istanbul’s 122 skyscrapers, the Skyland Office Tower being the tallest of them.
The CBD is the home to the Istanbul Congress Centre and the Congress Valley as well as the Istanbul Convention and Exhibition Centre, which host the most prominent conferences, congresses, and other business events. Multiple world-famous corporations, such as Philips, Zurich Insurance, Ernst & Young, Coca-Cola, that rent serviced office space in Maslak, Levent, and Kagithane business areas, without a doubt, benefit from having these event venues nearby.
There are two other business districts to rent prestigious office space: Bomonti and Atasehir. These areas are very attractive for investing in both commercial and residential real estate.