Istanbul office rents reach record high in post-pandemic rebound
Prime office rents in Istanbul climbed to a record 52 dollars per square meter per month in the second quarter of 2026, up 13 percent from a year earlier in dollar terms, according to a new report.
Cushman & Wakefield TR International’s Türkiye MarketBeat Half Year 2026 report attributed the rise to limited prime office supply, low vacancy rates in the central business district and sustained demand for well-connected, high-quality buildings.
In lira terms, prime rents reached 2,359 liras per square meter per month, an annual increase of 32.6 percent.
Levent-Etiler recorded the highest rate at 52 dollars, followed by Maslak at 40 dollars.
