The land prices in the Istanbul hatt Kocaeli line make a premium: the new infrastructure and transportation projects are reshaping the real estate sector, and the land prices in the Istanbul yapıy Kocaeli line make a premium.
New infrastructure and transportation projects are reshaping the real estate sector, and land prices are making a premium on the Istanbul-Kocaeli line. With the development of new logistics areas as a result of large infrastructure projects, the total logistics supply in the Marmara Region, which covers the sub-markets of Istanbul and Kocaeli, is expected to reach 2017 million square meters by the end of 8,5.
Projects such as the 3rd Bridge and Northern Marmara Motorway, Eurasia Tunnel, Istanbul-İzmir Highway, 3rd Airport, Harbor City and Organized Port Area in Kocaeli will create new development and investment opportunities. Real estate trends in Istanbul will develop within the framework of the needs of these projects.
Logistics supply expected to reach 5 million square meters in 11,1 years
According to commercial real estate on the financial and professional services that offers consulting services in the investment management field JLL data for Turkey, Istanbul and Kocaeli lower market covering Marmara total logistics supply in the region by the end of 2014 it reached 7,8 million square meters, while the stock currently under construction 563 thousand It is seen that it rose from 653 thousand square meters. Logistics supply is expected to reach approximately 2017 million square meters by the end of 8,5. In addition, it is observed that approximately 2,6 million square meters of stock in Kocaeli and Istanbul sub-markets is at the planning stage. If all projects under construction and planning are completed, the total logistics supply is expected to reach 5 million square meters in the next 11,1 years.
Port City 8 will bring million people
Ro-Ro cargo transport in service by the Port aims to be the global leader in the transport and tourism city cruisers 3. Project JLL Chairman stated that Turkey planned to be adjacent to the airport Avi Alkas; “Thanks to cruiser tourism, 8 million foreign tourists are expected to come to Istanbul Liman Kent annually. With the completion of the 3rd Airport, 3rd Bridge and Northern Marmara Motorway projects, the accessibility of Liman Kent will increase and the project will become an important center in terms of logistics ”.
Avi Alkaş also stated that due to the increasing demand for Class A high quality logistics supply in 2014, the primary rents in the logistics market were not affected by exchange rate fluctuations, “Primary rents remained stable at $ 2014 as of the end of 7. But your supply
Land prices increased in 2014 due to their limited nature. In 2015, we anticipate that rents may follow a downward trend, albeit small, due to exchange rate fluctuations at the foreign exchange level ”.
Organized Port Zone to support logistic supply growth
Dilovası and Bay regions host the most active 35 ports in the Izmit Bay Region. It is aimed to increase the capacities of existing ports by integrating separate ports such as Gölcük, Derince and Gebze. Cengiz Topel Naval Air Station Kocaeli within the boundaries of the offering, together with supporting air and rail transportation facilities Köseköy logistics village, Köseköy beside it is planned to become the largest logistics park in Turkey. These projects are aimed to support the growth in logistics supply in the region.