According to a study of retail space rental prices in Istanbul conducted by the reputable real estate agency Eva Real Estate Valuation Consultancy, the highest rent in the Turkish metropolis is found at the legendary Grand Bazaar in Kapalıçarşı. Monthly rent for retail space there reaches 3 Turkish lira per square meter.
The most expensive street in the world's largest indoor market (proven fact) is Kalpakçılar. Rents per square meter there start at 1 Turkish lira per month.
Please note that the cost of renting retail premises in Grand Bazaar has been growing steadily over the past two decades, increasing by an average of 20% annually. However, this fact hasn't diminished the flow of people wanting to set up shop in the most prestigious center of Istanbul, and perhaps all of Turkey.
Let us add that the gap in the cost of renting real estate in Grand Bazaar from second place in the ranking of the most expensive shopping malls in istanbul The price is simply colossal. While you can't find a space in the Grand Bazaar for less than 2 Turkish lira per square meter, on Independence Avenue (Istiklal Cadesi), which ranked second, prices start at 540 Turkish lira.
