SUMMARY:
The general vacancy rate for Class-A office buildings in Central Business Districts (CBD), declined to 15.1%. For Class-B office buildings the vacancy rate was 6.9%.
The average rent for Class-A office buildings in Central Business Districts (CBD) was US$ 31 /m² /month. For Class-B office buildings the average rent in Central Business Districts (CBD) was US$ 16.2/m²/month.
The general vacancy rate for Class-A office buildings in “Out of CBD-Europe”, raised up to 14.6% in the first quarter. The general average rate for Class-A office buildings was US$ 19.9 /m²/month.
The general vacancy rate for Class-A office buildings in “Out of CBD-Asia”, has dropped to 15.2% in the first quarter of 2014. The average rate for Class-A office buildings was US$ 20.4 /m²/month.
The prime rent amongst the operating buildings through Istanbul Office Market has occurred in Suzer Plaza, Taksim-Nisantası with the rate of US$ 49 /m²/month. The prime rent asked amongst Levent ve Besiktas-Balmumcu is recorded as US$ 45 /m²/month.
(This article features excerpts from the full report – please download it here)
