4 May 2014

REIDIN Turkey Office Rental Values recorded an increase in Q1 2014

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According to REIDIN Office Index 2014 Q1 results, rental values of Upper Price Office Segment increased by 6.16% and rental values of Lower Price Office Segment decreased by 6.47% from the previous quarter.

Among the office districts of upper price segment, Esentepe district recorded the highest rental price of 43.38 USD/sqm. Esentepe also has thehighest rental price of 28.76 USD/sqm among lower price segment districts.

Among 19 office districs, Kavacik district shows the lowest rental price of 15.14 USD/sqm in upper price segment and Kavacik district also has the lowest rental price of 7.31 USD/sqm of lower price segment.

First Quarter of 2014 has been buoyant as in 2013. Rent transactions in different variety of scales and districts have been recorded during the same period.

NAME OF THE DISTRICT has been added to emerging office districts list as a new district. Atasehir, Kagithane and Maltepe were added to the list as new districts last quarter.
With these new districts, total number of Office Rental Values Districts increased to 19. We also have expanded our data coverage, as we added building level rent prices, occupancy rates and maintenance fees.

Summary:
•    Data of new 45 buildings has been added to Office Rent Prices
•    Data of new 68 buildings has been added to Office Occupancy Rates
•    Data of new 40 buildings has been added to Office Maintenance Fees


*Value: US$/sqmMonthly
** Index, 2009 Q1=100


*Value: US$/sqm Monthly



To reach further data on office and other property market data visit REIDIN.com

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