Istanbul

IstanbulIstanbul is the only city in the world that spans two continents. Its strategic location bridging Europe and Asia has made it a regional powerhouse and a hub for international diplomacy, business and finance. With its blend of ancient history and modern life Istanbul is a city that never sleeps. The city is separated by the Bosphorus, which connects the Black Sea to the Marmara Sea, and is the busiest shipping lane in the world. Istanbul is the largest city in Turkey and is a favorite tourist destination for millions each year.

Istanbul is home to the oldest and largest shopping mall in the world, The Grand Bazaar. There are over 4,000 stores some dating back to 1453. Istanbul currently has 111 shopping centres and 20 new ones approved or in construction for opening between 2015-2017. It also has 3 high street areas; Nisantasi and Istiklal on the European side and Bagdat Street on the Asian side. In addition, secondary streets have also become attractive for retailers. Transformation projects and urban regeneration activities have already started to create alternative high streets in central areas with strong accessibility. Whether it is seeing ancient sites, or shopping until you drop, Istanbul has something for everyone.

 

 

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Nisantası area: 41.051328, 28.990197
ıstıklal street: 41.035400, 28.981211
BAGDAT STREET (ASIAN SIDE) : 40.951527, 29.097562
The Grand Bazaar: 41.010846, 28.968447
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The Grand Bazaar


The Grand Bazaar continues to be a favorite destination for locals and tourists alike. There are over 4,000 stores in this ancient market place as well as many authentic Turkish restaurants. No trip to Istanbul is complete without a visit to the Grand Bazaar.
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Nisantasi area


Abdi Ipekci Street is Istanbul’s premier high street and is home to numerous luxury and high-end fashion tenants and internationally recognized retailers and global brands.
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BAGDAT STREET (ASIAN SIDE)


Bagdat Street, located on the Asian side of Istanbul hosts both luxury and high-end international brands as well as a full range of international and local retailers including several department stores. The street is also home to a large selection of eateries, coffee and pastry shops.
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Istiklal street

Istiklal is Istanbul’s busiest pedestrianised street, home to many international and local retailers as well as museums, restaurants, theaters and consulates.

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Istinye Park: 41.110500, 29.033400
Cevahir Mall: 41.061722, 28.992553
Palladium Mall: 40.985928, 29.100484
akasya Mall (Asian side): 41.005483, 29.045808
zorlu Center: 41.067768, 29.015321
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Istinye Park

Istiniye Park continues to be the most sought after retail location in Istanbul due to its mix of high end luxury to international and local brand retailers as well its large entertainment area and restaurants for all budgets.
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Cevahir Mall

Cevahir Mall is a close second in terms of its popularity. Although it does not have the high end luxury brands, its mix of international and local retailers as well as food and entertainment proves a great draw for customers. Located on a metro stop, the shopping centre benefits from its positioning within one of the busiest business and residential locations in Istanbul.
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Palladium Mall (Asian side)

This premier shopping centre on the Asian side of Istanbul has international and local brands, as well as eateries and cinemas.
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akasya Mall (Asian side)

Akasya Mall is located on the Asian side of Istanbul in a mixed use project, opened its doors in March 2014. With 80,000 GLA it has become one of the most successful malls in Istanbul, partially due to its direct connection from both the Metro and Metrobus. It has a range of international and local retailers from luxury to affordable brands. Some international brands present include Kidzania, Hamley’s, Victoria Secret’s, Crate & Barrel, Hackett and Brooks Brothers.
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zorlu Center (European side)

Located in the centre of the city, Zorlu Center offers its customers a wide range of brands from luxury designers to international and local retailers. It has very good international restaurants and cafes, a Performance Hall and new market entries such as Jamie’s Italian, Apple and Eatly.

SHOPPING CENTER TO WATCH OUT FOR
Center NameMETROPOL ISTANBUL
Total Size (Sq.m)
- Retail GLA75,000
- Leisure/Entertainment GLAN.A.
Planned Opening Date 2017
Consumer Profile Local shoppers, business density, residents
Description Being located close to the new financial district on the Asian side and right in the residential area, Metropol Istanbul is a very promising project for retailer. It is a mixed use project, residences and an office tower and a shopping center.
SHOPPING CENTER TO WATCH OUT FOR
Center NameEmaar
Total Size (Sq.m)
- Retail GLA155,365
- Leisure/Entertainment GLAN.A.
Planned Opening Date Q4 2015
Consumer Profile Local shoppers, business density, tourists
Description Will consist of high end luxury, international and local retailers. It is a mixed use project with the Address Hotel, Residence and 40.000 sqm GLA Office building. The biggest project in the Asian Side. New market entries: Galeries Lafayette, CheaseCake Factory.

MARKET OVERVIEW
KEY AREAS / STREETS/SHOPPING CENTERSCONSUMER PROFILEMAJOR RETAILERS PRESENTNEW ENTRANTSTYPICAL RENT FOR UNIT OF 200 SQMRANGE OF UNIT SIZES
Nisantasi (High Street)Local shoppers, touristsGucci, Emporio Armani, Zegna, Max Mara, Tiffany Co., Hermes, Jo Malone, Tods, TopShop, Café Nero, Godiva, Tom Ford, Lanvin, Alexander McQueen, Stefano Ricci, Paul&SharkBobbi Brown$260 per sq.m80 to 2000 sq.m
Istiklal (High Street)Local shoppers, touristsGAP, Levi's, The Body Shop, Mango, Swatch, Clinique, MAC, Starbuck’s, Top Shop, Swarovski, Bershka, Café Nero, H&M, Sun Glass Hut, Shack Shake, Hard Rock Cafe$260 per sq.m80 to 3000sq.m
Bagdat (Asia, High Street)Local shoppers, business density, tourists Louis Vuitton, Tommy Hilfiger, Rolex, Nine West, Laura Ashley, Zara, Mango, GAP, M&S, Lacoste, Starbucks, Godiva, Café Nero, La Pain Quotidien, Zadig&VoltaireMagnum, H&M, Mapa, Brandroom$270 per sq.m80 to 3000sq.m
Istinye Park Shopping CtrLocal shoppers, business density, touristsChanel, Ralph Lauren, Miu Miu, BCBG, Hugo Boss, Jimmy Choo, Michael Kors, H&M, M&S, C&A, Zegna, Prada, Armani, LVMH, Follie Folli, Hublot, Caribou CafeSwarovski, Bobbi Brown, Watsons, Superstep, COS$140 per sq.m80 to 7500sq.m
Cevahir Shopping CtrLocal shoppers, business density, tourists Debenhams,Tchibo, Zara, Mango, Mothercare, Swatch, Nine West, Victoria Secret, Starbucks, Massimo Dutti, Pull&Bear, Charles & Keith$100 per sq.m80 to 7500sq.m
Palladium (Asia)Local shoppers, business density, touristsM&S, Michael Kors, Bebe, Guess, MAC, Samsonite, Mothercare, Nike, Armani Jeans, Tommy Hilfiger, C&A, Gant, Burberry, ZaraSuperstep$65 per sq.m80 to 7500sq.m
Forum MarmaraLocal shoppers, tourists C&A, H&M, M&S, Zara, DKNY, Pull & Bear, New Balance, Benneton, Nine West, Decathlon, Ecco$75 per sq.m80 to 21000sq.m
Forum IstanbulLocal shoppers, tourists M&S, H&M, C&A, Bershka, Samsonite, Levi's, Guess, Oleg Cassini, Mango, EccoLegoland$80 per sq.m80 to 30000sq.m
CapacityLocal shoppers, business density, tourists M&S, C&A, Armani Jeans, GAP, Zara, L’Occitane, Swatch, Swarovski, Adidas, Douglas, Clarks$95 per sq.m80 to 3520sq.m
Kanyon Local shoppers, business density, tourists Harvey Nichols, Bebe, Banana Republic, Bally, Lacoste, Habitat, Vera Moda, Jack&Jones, Aeoropostale, Carluccio’s, Shake Shack$100 per sq.m80 to 5000sq.m
NautilusLocal shoppers, tourists M&S, Tommy Hilfiger, Nine West, Lacoste, Pierre Cardin, Starbucks, Calzedonia$80 per sq.m80 to 5000sq.m
Zorlu CenterLocal shoppers, business density, touristsLouis Vuitton, Prada, Miu Miu, Eatly, Tommy Hilfiger, H&MApple$145 per sq.m80 to 3000sq.m
Akasya MallLocal shoppers, tourists Burberry, Beymen, Kidzzania, Victoria Secret, Brooks Brothers, Inditex, Hacckett, Armani, Long Champ, Michael KorsSandro$120 per sq.m80 to 5000sq.m

Data as of July 2015

While the city itself sits on two continents it is also a city of seven hills, so many restaurants have breath-taking views. Some are located within ancient buildings so the dining experience almost becomes a fascinating history lesson.

Along the banks of the Bosphorus, popular fish restaurants are located here. Poseidon, Bebek Balik or Mavi Balik are all favorites of locals and tourists. Asian food is also popular in Turkey, particularly fushion Asian at Banyan or sushi at Zuma.

For international food Mikla, in the old section of Pera, always draws a good crowd. The bar, one floor up, has an almost 360º open air view of the city. Sunset, Ulus 29, 360 Istanbul and Vogue have a long history of trading in Istanbul and also have fabulous views.
For traditional Turkish cuisine, Beyti is a favorite for meat lovers. Hamdi, next to the Spice Market, sports a beautiful view looking back toward the city and Litera on top of Le Gothe institute (German Cultural Center) has a great view of the old city.

Most restaurants in Turkey have a very large selection of local and imported wine, beer and spirits.

For more casual or family dining all of these have multiple locations around the city; Gunaydin, Midpoint, House Cafe and Kitchenette. If you have a sweet tooth then Saray Muhallebicisi is a must. They have been in business since 1935.

Most American fast food outlets have multiple locations throughout the city. Ice cream is also a popular with Cremerie Milano, Ben & Jerry’s, Cold Stone Creamary and Haagen Dazs competing with local favorite Mado.

Tea and coffee are also popular. Starbucks, Caribou, Café Nero, Gloria Jeans, Kahve Dunyasi along with many small, traditional tea and coffee houses, are crowded 24/7.

MARKET OVERVIEW
KEY AREASCONSUMER PROFILEFOOD & BEVERAGE OPERATOR INCLUDINGRENT FOR 350 SQM UNIT
Nisantasi Locals, business and touristsPark Samdan, Biber, Hardal, Saray, Midpoint, Starbuck’s, Quick China, Mezzaluna, NumNum$230 per sq.m
IstiklalLocals, business and touristsMikla, Litera, Galata Meyhane, House Café, Midpoint, Kitchenette, Lebi-derya, 360 Istanbul, Saray, McDonalds, Burger King, Pizza Hut, Starbuck’s, Café Nero, Hard Rock Café, Mama Shelter$240 per sq.m
Bagdat Locals and tourists Midpoint, Kitchenette, House Café, Saray, McDonalds, Burger King, Pizza Hut, Starbuck’s, La Pain Quotidien, Armani Café, Café Nero$250 per sq.m
BosphorusLocals, business and tourists Bebek Balik, Poseidon, Mavi Balik, Ulus 29, Sunset, Starbuck’s, LuccaVaries
Old CityLocals and tourists Hamdi, Balikci SabahattinVaries
OrtakoyLocals, business and touristsBanyan, Zuma, House Café, Kitchenette, Burger King, Starbuck’s, Cold StoneVaries
BesiktasLocals, business and touristsVogue, Starbuck’s, Café Nero, Kahve Dünyasi, Sir Winston TeaVaries
Istinye ParkLocals, business and touristsArmani Ristoran’te, Borsa, Cariubou Coffee, Go Mongo, Gunaydin, Godiva, Hagen Dazs, Mado, Mania Gurme, Nar Gourmet, Pelit, Shake Shack, Vakko Chocolate, Wiener Wald$140 per sq.m
Zorlu CenterLocals, business and touristsEataly, Jamie’s Italian, Tom’s Kitchen, Gunaydin, Borsa, Kosebasi, Morini, Parle, Far East, Carls Jr$180 per sq.m
CevahirLocals, business and touristsStarbucks, Ozsut, Kahve Dunyasi, Burger King, Carls Jr, McDonalds$100 per sq.m
Kanyon Shopping CtrLocals, business and touristsWagamama, Kitchenette, Midpoint, House Café, Sushico, Starbuck’s, Krispy Cremes, Mezzaluna Express, Konyali, Burger King$100 per sq.m

Data as of July 2015


Istanbul Contacts

DUYGU OZER

Manager, Retail
River Plaza, Buyukdere Cd., Bahar Sk., No:13, Kat:15
Levent, 34394, Istanbul / Turkey
Tel: +90 212 334 78 00
Mob: +90 530 834 71 04

DILEK PEKDEMIR, PhD.

Director, Research
River Plaza, Buyukdere Cd., Bahar Sk., No:13, Kat:15
Levent, 34394, Istanbul / Turkey
Tel: +90 212 334 78 00
Mob: +90 537 855 10 84