Industrial zones in Istanbul on the rise
Güncelleme Tarihi:
Hurriyet Emlak
Oluşturulma Tarihi: Şubat 06, 2009 00:00
ISTANBUL - Organized industrial zones are becoming popular in Istanbul for several reasons. An insufficient number of lots for new construction in the city center is one reason; rising prices are another. Companies are building apartment complexes around these zones.
Organized industrial zones (OIZ) in Istanbul are becoming new centers of attraction for construction companies in recent years, several experts agree.
The insufficient number of lots in the city center is the most important factor in why OIZs are growing in popularity. Several companies with expertise in luxury housing are now interested in building apartment complexes around OIZs. Industrialists excited by the progress are now after cheap industrial lots outside central Istanbul.
İkitelli OIZ square-meter prices were barely $500 two years ago. Now they are counted among the most valuable in Istanbul as the figure has jumped to $2,000.
İkitelli OIZ is actually not limited to the apartment complexes in the district of Başakşehir. It includes other sites such as Tekstilkent, İSTOÇ and the MASKO furniture city. Neighboring districts as well have developed commercially.
The Central Business Area, or MİA, across from İSTOÇ will change completely in the upcoming years. On the right and left sides of the motorway, square-meter prices for fields have gone up to $4,000 or $5,000 despite the economic crisis. Some real estate agencies say the lot owners are intentionally pulling up the prices. Still, within a few years, lot prices up to $5,000 per square meter are likely to be the norm. The shortage of lots left in the area and the area’s increasing value are bringing buyers who are seek lots for reasonable prices to Hadımköy OIZ recently. Demand for industrial lots also suitable for storage purposes is increasing rapidly.
Hadımköy grows popular
Demand for Hadımköy is on the rise on account of astronomical figures at the İkitelli OIZ. Lot owners who have sold their property in İkitelli because of high profits due to high prices are now buying property at Hadımköy and Silivri. İkitelli remains within city limits and available lots are decreasing quickly as demand for Hadımköy increases. Square-meter prices for lots a few years ago were about $150, but today they are up to $300.
Hadımköy is divided into two main parts, a storage section and the Atatürk Industrial Site. In the storage section, the zoning percentage is roughly 20 percent with square-meter prices range from $60 to $130.
At the beginning of 2009, storage lots were sold for about $80 or $90 per square meter. At the Atatürk Industrial Site, the square-meter prices range between $100 and $300. Lots that were sold at $200 per square meter at the beginning of the year are selling for $250 per square meter today.
İkitelli OIZ includes 34 sites
RE/MAX Nur real estate broker Kutsal Karan, who is an expert in commercial and industrial sites in the İkitelli area, said the İkitelli OIZ covers a huge area including 34 sites. The busiest commercial traffic is at İSTOÇ. Karan said the capacity has reache its limit at İSTOÇ. "İSTOÇ is the most active of the 34 sites. The İkitelli area has gained a lot of value in the last three or four years.
Because it is located in the city center now, İkitelli is more valuable today. Investments in the region, including connection routes and new plazas, are attracting more people to İSTOÇ. If hotels and shopping malls are added to the mix top, İSTOÇ will be unstoppable."
The İkitelli OIZ includes a variety of firms from the automotive sector to textile producers to iron manufacturing, said Karan. "Some sites are very popular and leasing prices are high, while others are like a ghost town. For this reason, there is a huge price gap. At İkitelli OIZ today, 150 square-meter stores are leased for 250 to 300 Turkish Liras, but in other areas leases go for 2,000 to 2,500 Turkish Liras. There are old sites that have remained empty for years. Within the limits of the İkitelli OIZ, İSTOÇ, the MASKO Furniture City, the Dolapdere Industrial Site and the Galvano Site are the busiest in terms of occupancy rate and their volumes of business. For instance, at the Dolapdere Industrial Site, there are stores selling automotive spare parts or auto repair and hardware dealers, but several sites are seriously neglected and it is not right to utter a square-meter price for them."
The insufficient number of lots in the city center is the most important factor in why OIZs are growing in popularity. Several companies with expertise in luxury housing are now interested in building apartment complexes around OIZs. Industrialists excited by the progress are now after cheap industrial lots outside central Istanbul.
İkitelli OIZ square-meter prices were barely $500 two years ago. Now they are counted among the most valuable in Istanbul as the figure has jumped to $2,000.
İkitelli OIZ is actually not limited to the apartment complexes in the district of Başakşehir. It includes other sites such as Tekstilkent, İSTOÇ and the MASKO furniture city. Neighboring districts as well have developed commercially.
The Central Business Area, or MİA, across from İSTOÇ will change completely in the upcoming years. On the right and left sides of the motorway, square-meter prices for fields have gone up to $4,000 or $5,000 despite the economic crisis. Some real estate agencies say the lot owners are intentionally pulling up the prices. Still, within a few years, lot prices up to $5,000 per square meter are likely to be the norm. The shortage of lots left in the area and the area’s increasing value are bringing buyers who are seek lots for reasonable prices to Hadımköy OIZ recently. Demand for industrial lots also suitable for storage purposes is increasing rapidly.
Hadımköy grows popular
Demand for Hadımköy is on the rise on account of astronomical figures at the İkitelli OIZ. Lot owners who have sold their property in İkitelli because of high profits due to high prices are now buying property at Hadımköy and Silivri. İkitelli remains within city limits and available lots are decreasing quickly as demand for Hadımköy increases. Square-meter prices for lots a few years ago were about $150, but today they are up to $300.
Hadımköy is divided into two main parts, a storage section and the Atatürk Industrial Site. In the storage section, the zoning percentage is roughly 20 percent with square-meter prices range from $60 to $130.
At the beginning of 2009, storage lots were sold for about $80 or $90 per square meter. At the Atatürk Industrial Site, the square-meter prices range between $100 and $300. Lots that were sold at $200 per square meter at the beginning of the year are selling for $250 per square meter today.
İkitelli OIZ includes 34 sites
RE/MAX Nur real estate broker Kutsal Karan, who is an expert in commercial and industrial sites in the İkitelli area, said the İkitelli OIZ covers a huge area including 34 sites. The busiest commercial traffic is at İSTOÇ. Karan said the capacity has reache its limit at İSTOÇ. "İSTOÇ is the most active of the 34 sites. The İkitelli area has gained a lot of value in the last three or four years.
Because it is located in the city center now, İkitelli is more valuable today. Investments in the region, including connection routes and new plazas, are attracting more people to İSTOÇ. If hotels and shopping malls are added to the mix top, İSTOÇ will be unstoppable."
The İkitelli OIZ includes a variety of firms from the automotive sector to textile producers to iron manufacturing, said Karan. "Some sites are very popular and leasing prices are high, while others are like a ghost town. For this reason, there is a huge price gap. At İkitelli OIZ today, 150 square-meter stores are leased for 250 to 300 Turkish Liras, but in other areas leases go for 2,000 to 2,500 Turkish Liras. There are old sites that have remained empty for years. Within the limits of the İkitelli OIZ, İSTOÇ, the MASKO Furniture City, the Dolapdere Industrial Site and the Galvano Site are the busiest in terms of occupancy rate and their volumes of business. For instance, at the Dolapdere Industrial Site, there are stores selling automotive spare parts or auto repair and hardware dealers, but several sites are seriously neglected and it is not right to utter a square-meter price for them."