Kategori : Commercial Centers

2024 First Quarter Commercial Real Estate Market General Outlook

Last week I saw rental offices in the Korean Martyrs CD area. 

Commercial real estate prices increased significantly in the first quarter of 2024. According to the Commercial Real Estate Price Index (TGFE) data announced by the Central Bank of the Republic of Turkey (CBRT), commercial real estate prices increased by 12 percent on a quarterly basis, 81.7 percent in nominal terms and 8.9 percent in real terms on an annual basis. This increase is considered a remarkable development in terms of both economic and sectoral dynamics.

Commercial Price Index, March 2024

In my opinion, someone who is considering investing in commercial real estate should first focus on valuable locations.