Turkey Commercial Real Estate Market Size- By Property Type, By Business- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Turkey Commercial Real Estate Market Introduction and Overview
According to SPER Market Research, ‘Turkey Commercial Real Estate Market Size- By Property Type, By Business, – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Turkey Commercial Real Estate Market is estimated to reach USD 87.13 billion by 2033 with a CAGR of 26.71%.
Property utilized solely for business-related activities or as a workspace is referred to as commercial real estate (CRE); residential real estate, on the other hand, would be used for living. Tenants typically lease commercial real estate to carry out revenue-generating operations. Anything from a single storefront to an expansive shopping mall can fall under this broad category of real estate. Commercial real estate comes in various forms.
Turkey’s commercial real estate industry was greatly affected by the COVID-19 outbreak. Businesses migrated to remote work and e-commerce, while lockdowns and limitations resulted in a dramatic fall in demand for office and retail premises. The hotel and tourism industries suffered significant setbacks, which caused a decline in commercial property occupancy rates.
Scope of the Report:Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Property Type, By Business.
Regions covered Aegen, Black Sea, Central Anatolia, Eastern Anatolia, South-Eastern Anatolia, Marmara, Mediterranean.
Companies Covered Ağaoğlu Group, Akfen Holding, Artaş Group, Calik Holding, Doğuş Group, Ege Yapı, Emaar Turkey, Kiler GYO, Nurol GYO, and Rönesans Holding, Others.
Turkey Commercial Real Estate Market Segmentation:
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.