According to the “Marketbeat Retail Snapshot – Turkey Q1 2013” report issued by Cushman & Wakefield, the Turkish retail sales remain strong and further improvement is expected in 2013.
The “Marketbeat Retail Snapshot – Turkey Q1 2013’’ offers an overview on the retail sector, focusing on occupier demand, investment market and provides and outlook for the near future.
KEY FINDINGS OF THE REPORT
Prime Rents – Stable in short term, but prime locations and high streets may see uplifts over the year.
Prime Yields – Unlikely to change in the short term.
Supply – 30 new shopping centers expected to open in 2013.
Demand – Somewhat selective, but occupier demand to come from a diverse group of national and international retailers.