Istanbul: An economic power between Europe and Asia
Istanbul is not only the economic heart of Turkey but also a cultural and historical center. When it comes to culture and tourism, this European city is incomparable. In fact, it has been named a European Capital of Culture, which contributes to Istanbul being the 8th most visited city in the world.
The city offers easy access to transportation and shipping by sea due to its convenient location on the Bosporus Straight, providing direct access to the Black Sea and the Mediterranean Sea. Istanbul has one of the most powerful economies in the world, accounting for an impressive 40% of the entire Turkish GDP. These figures prompt businesses to locate within the city due to its high productivity.
Finance is an important business sector in Istanbul, and the city is an international banking leader. Another powerful industry is shipping. The city has three major shipping ports, including the Port of Haydarpaşa, Port of Ambarlı, and the Port of Zeytinburnu. These ports account for the majority of Istanbul’s exports.
A city with a long history
Founded by the Byzantine Empire in the 7th century BC, Istanbul boasts a long and turbulent history. It passed hands between various empires over thousands of years before becoming part of the Republic of Turkey after the victory in the Turkish War of Independence in 1923.
Architecture firms looking for inspiration desire to call Istanbul home due to its varied and stunning buildings, mostly influenced by Byzantine and Ottoman designs. Other influences include Neoclassicism, Renaissance Revival, and Art Nouveau, expressed in buildings such as Dolmabahce Palace.
Rent Office Space in a growing city
Though Istanbul is already one of the world’s largest cities, it continues to experience rapid growth and development. Much of the recent growth has been due to international immigration, making the city a perfect place to tap into the skills of a diverse workforce.
To meet the needs of your business, AllOfficeCenters provides a free consultation with no obligation. Our team can also help you negotiate leasing terms at the best price. Contact us today to learn more about the rental office market in Istanbul.