Going forward, the upward pressure on rents is likely to continue, albeit at a moderate pace. The shortage of available land, coupled with very high land prices restricts further office space develop- ments, particularly in the CBD. Moreover, the current financial and economic slowdown means that fewer new enterprises will seek to enter the Turkish market in the next 24 months. The current supply pipeline will then limit rental growth. The significant rent differentials within Istanbul together with the economic slowdown will force some office occupiers to relocate to new, emerging locations on the Asian side. Within the core CBD area,.
