The Commercial real estates production in İstanbul in the globalization process

Gökyer, Gökçen
Istanbul undertakes about half of the imports and exports of the country which has been increasing the importance. It is the most developed city in Turkey with a population reaching up to 13.255.685 people in 2010 consisting of %17.98 of the national population. The service sector demand and the real estate production are expected to be high together with the Istanbul’s rising position in the globalization process. Upon the increase in demand for global sectors, the production of the commercial real estate tends to increase, which can be observed from construction statistics that are published by the Turkish Statistical Institute. The world city literature developed in several respects. As to the world city/global city concept, there are three main theories that play major roles in understanding the emergence of global command centers and strongly influenced the world city literature that belong to John Friedmann, Saskia Sassen and Manuel Castells. Developments in lines with the world city/global city concept appeared in Istanbul with the 1980’s reforms towards economic liberalization, together with the support of the Government to make Istanbul a ‘global city’. The city is the primary gateway of Turkey to the global economy and Istanbul has been well ranked in academic rosters of world cities since the beginning of the 21 st century. v When the case of Istanbul is considered, the city as a world city is expected to be relatively at an earlier stage of globalization process, and with respect to these major theories; the attribution of Istanbul seems to have similarity with Friedmann’s (1986) ‘world city’ vision. The main data that reflect the supply of commercial real estate as related to demand in the globalization process are obtained from the data of the Turkish Statistical Institute (TUIK), under the published categories of ‘Hotel and etc constructions’, ‘Office, Wholesale and Retail Commerce’, ‘Traffic and Communication Buildings’, ‘Industry and Storage’, and ‘Public, Entertainment, Education and Hospital’. In order to figure out the place of Istanbul in the globalization process in the country, Istanbul’s data are compared with the same data for Ankara and Izmir comprising the years between 2002 and 2010. It is aimed to figure out the developed sectors of Istanbul and to clarify how Istanbul is leading in the production of real estate for the global sectors of both manufacturing and service activities. The developments in respect of globalization process of the city can be expected in the direction of the formation of world city as defined in line with the Friedmann’s theory, since not only buildings for service sector activities are produced in Istanbul, but also industrial real estate production at almost equal level during much of the investigated period. It is expected that global city functions, in lines with the Saskia Sassen’s framework will develop as world city functions consolidate in Istanbul. Therefore, the commercial real estate production is expected to be more rapid and more in line with the growth of world city functions in Istanbul, compared to two other most developed cities of Turkey which are Ankara and Izmir.


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Citation Formats
G. Gökyer, “The Commercial real estates production in İstanbul in the globalization process,” M.S. - Master of Science, Middle East Technical University, 2012.