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The Commercial Real Estates Production In Istanbul In The Globalization Process

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&rsquo / 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&rsquo / s reforms towards economic liberalization, together with the support
of the Government to make Istanbul a &lsquo / global city&rsquo / . 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&rsquo / s (1986)
&lsquo / world city&rsquo / 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 &lsquo / Hotel and etc constructions&rsquo / ,
&lsquo / Office, Wholesale and Retail Commerce&rsquo / , &lsquo / Traffic and Communication Buildings&rsquo / ,
&lsquo / Industry and Storage&rsquo / , and &lsquo / Public, Entertainment, Education and Hospital&rsquo / . In order
to figure out the place of Istanbul in the globalization process in the country,
Istanbul&rsquo / 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&rsquo / 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&rsquo / 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.

Identiferoai:union.ndltd.org:METU/oai:etd.lib.metu.edu.tr:http://etd.lib.metu.edu.tr/upload/12614981/index.pdf
Date01 October 2012
CreatorsGokyer, Gokcen
ContributorsTurel, Ali
PublisherMETU
Source SetsMiddle East Technical Univ.
LanguageEnglish
Detected LanguageEnglish
TypeM.C.P. Thesis
Formattext/pdf
RightsAccess forbidden for 1 year

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