globe retail outlook data

 

  • Retail
  • Office
  • Log In
https://smg.cbre.com/images/default-source/default-album/header-image.jpg?sfvrsn=69c20d96_0

Retail By City

IstanbulTurkey

city rank #52

City Overview

Although Ankara is Turkey's capital, Istanbul is the commercial and cultural centre of Turkey and was home to the country's first modern shopping centre, Galleria, in 1990. Istanbul now has 125 modern shopping centres with an estimated total gross leasable area (GLA) of 4.96 million sq m, ranging in size from small centres servicing residential neighbourhoods, such Kozzy in Kozyatagi, to centres with much larger catchment areas, such as Forum Istanbul.

The traditional shopping destinations on the European side of the city are the district of Bakirkoy near the airport, the downtown centre of Taksim (Istiklal Street), and the up-market boutique shopping district of Nisantasi. The central business district, Levent, has also become a major shopping destination, with Kanyon and Özdilek Park. Cevahir and Zorlu shopping centres, which are located on the metro line, offering a large range of brands. They have direct access to the metro from both Maslak and Taksim. Istinye Park continues to be the prime shopping centre of the European side. It is trading extremely well and tenants include some of the best-known luxury brands such as Armani, Beymen, Burberry, Chanel, Dior and Dolce&Gabbana.

On the Asian side of the city, the traditional trading area of Kadikoy remains popular amongst consumers with the high street locations Bahariye Caddesi and Bagdat Caddesi. Bagdat Caddesi is the longest high street retail location in Istanbul, with many local and international brands. Two shopping centres on the Anatolian side stand out with its luxury brands: Emaar in Göztepe and Akasya in Acıbadem. The two shopping malls are located on the metro line. However, Akasya Mall has quite a lot of visitors compared to the shopping centres in the vicinity. One of the outstanding shopping centres on the Asian side is Palladium, which is a mixed-use project consisting of a residential block, 3 office floors and a shopping mall with 150 shops and a GLA of 42,725 sq m. The project is located in Kozyatagi and started operating in September 2008. Also, Viaport Outlet Center is one of the biggest outlets on the Asian side and is located very close to the Sabiha Gökçen International Airport. The majority of modern shopping centres are located on the European side of the city and further ongoing retail development will continue to reinforce its dominant position in terms of shopping centre GLA.

Things to do

See

Work

Levent area in central Istanbul and recently the office buildings in Kozyatağı on the Anatolian side due to the transportation advantages.


Rest

Sultanahmet with its endless historical sites including the Aya Sofia Museum, the 4,000 unit Grand Bazaar and the Blue Mosque.


And be seen

Eat

On the European side, you can try the Chef Mezze in Beyoğlu or the Vogue Restaurant in Beşiktaş. On the Anatolian side, you can prefer the Lacivert Restaurant in Beykoz.


Drink

On the European side, you can try the Ruby in Ortaköy or the Spago in Şişli. On the Anatolian side, you can prefer the Mirror in Kadıköy.



 


Be Merry

Istiklal Street and Abdi Ipekci Street in downtown Istanbul.


Other Cities in Turkey

Contact Us

Ozan Bulut
İçerenköy Mah. Umut Sok. No:10-12
AND Plaza Kat: 5 | Ataşehir | İstanbul
+90 212 259 36 29 | ozan.bulut@cbre.com