Land and structures that bring in money for their owners are considered commercial real estate, sometimes known as income property. Commercial properties are utilized for business purposes, as opposed to residential real estate for residences. This comprises commercial areas for businesses, retail establishments for shopping, storage facilities, and even spacious apartment structures available for lease. Owners of commercial real estate want to profit from tenant rentals or by hanging onto their asset in anticipation of a future sale at a higher price. It differs from residential properties, which are mostly used for habitation, in that it takes an investment approach.

Driving Factors- Turkey's expanding economy is drawing in foreign investors, which is driving a spike in the country's commercial real estate sector. An atmosphere that is friendly to foreign companies is being created by this economic strength in conjunction with government incentives. In addition, Turkey's young population is becoming more and more concentrated in cities, which is creating a demand for retail space to meet their requirements. Despite not having fully recovered from the epidemic, the tourism industry is beginning to show indications of improvement, which is helping the hotel market. Essentially, the main factors driving the expansion of Turkey's commercial real estate market are a strong economy, a population that is in favor of the country, and government policies that are supportive.

Challenges- Although there are certain driving factors, Turkey's commercial real estate sector is full of restraints. Securing funding for new projects can be more difficult due to investor apprehension caused by rising interest rates and an unstable economy. This can drive up building and refurbishment expenses, reducing profit margins and depressing purchase appeal, especially when combined with the declining value of the Turkish Lira. Moreover, traditional brick-and-mortar businesses are under pressure from the growing e-commerce industry, which could result in empty retail premises. The difficulties could be exacerbated by an overabundance of office buildings in some locations, which might spark intense rivalry for tenants and lower rental rates, which would affect total market returns. Notwithstanding these challenges, possibilities in the Turkish commercial real estate industry may still be unlocked by judicious investment and adaptation to shifting consumer patterns.

At first, COVID-19 surprised Turkish commercial real estate. Lockdowns and other economic disturbances negatively impact retail and tourism, which lowers demand for hotel and retail space. A shift to remote work also resulted in an increase in office vacancy rates. But the effects weren't as bad as some had thought. Remarkably resilient was the market, as seen by the stabilization of office vacancy rates and the resurgence of retail.

The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Ağaoğlu Group, Akfen Holding, Artaş Group, Calik Holding, Doğuş Group, Ege Yapı, Emaar Turkey, Kiler GYO, Nurol GYO, and Rönesans Holding, Others

By Property Type: Based on the Property Type, Turkey Commercial Real Estate Market is segmented as; Residential Buildings, Commercial Complexes, Industrial Infrastructure, Government Buildings.

By Business: Based on the Business, Turkey Commercial Real Estate Market is segmented as; Sales, Rental, Lease.

By Region: This research also includes data for Aegen, Black Sea, Central Anatolia, Eastern Anatolia, South-Eastern Anatolia, Marmara Mediterranean. 

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.