Commercial real estate in Turkey has become one of the most promising investment segments thanks to the country’s strategic location, growing population, and strong business ecosystem. From retail shops and offices to warehouses and mixed-use developments, investors benefit from high rental returns, long-term tenant stability, and increasing demand in Turkey’s major economic hubs. This page provides an overview of the commercial property market, price trends, top cities for investment, and the key factors buyers should consider.
Why Invest in Commercial Property in Turkey?
Commercial assets in Turkey generally offer higher ROI compared to residential units, with rental yields ranging between 6% and 10% depending on location and property type. Long-term leasing contracts, stable tenant profiles, and lower maintenance obligations make commercial properties an appealing choice for local and international investors. Turkey’s ongoing urban transformation projects, expanding business districts, and strong domestic consumption further boost the overall investment potential.
Best Cities for Commercial Real Estate Investment
While commercial opportunities exist across the country, a few cities stand out due to their economic strength, business population, and infrastructure:
Istanbul
Istanbul is the heart of Turkey’s economy and the top destination for commercial buyers. Key districts such as Maslak, Levent, Basin Express, Atasehir, and Kartal offer modern office towers, shopping units, and high-demand mixed-use projects. Investors seeking consistent rental income often start with commercial property in Istanbul.
Ankara
As the political center of Turkey, Ankara attracts government offices, international institutions, and corporate tenants. The city’s steady demand makes it ideal for investors who prefer long-term stability.
Izmir
Izmir combines industrial zones, port logistics, and a growing corporate market. Commercial properties near Bayrakli, Konak, and Alsancak are popular among both local businesses and foreign investors.
How Are Commercial Property Prices Determined?
Commercial property prices in Turkey vary based on several core factors:
- Location and proximity to business districts
- Population density and consumer traffic
- Project age and building quality
- Transport access and nearby infrastructure
- Supply–demand balance in the micro-location
Prime commercial units in Istanbul are typically priced higher due to corporate demand and limited supply, whereas emerging investment zones offer more affordable entry points with strong future appreciation potential.
Types of Commercial Properties Available
- Retail shops and high-street units
- Office spaces and business centers
- Warehouses and logistics facilities
- Industrial factories and production sites
- Mixed-use commercial units
Each category serves a different tenant profile and investment strategy, allowing investors to choose based on risk level and expected rental yield.
Can Foreigners Buy Commercial Property in Turkey?
Yes. Foreign investors are fully permitted to buy commercial real estate in Turkey under the same legal framework applied to residential properties. Commercial purchases can also be used toward the $400,000 Turkish Citizenship by Investment program when they meet the value and holding requirements.