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Shopping malls across Türkiye recorded $59 billion in total revenue in 2025, while turnover per square meter rose sharply, highlighting stronger spending despite a slight decline in visitor numbers.
Data from the Shopping Centers and Investors Association showed that average turnover per square meter across Türkiye climbed 30% to ₺191,803 ($4,849.63) in 2025. The figures indicate a significant increase in retail productivity compared with previous years, with sector representatives noting that turnover efficiency has grown roughly 17 times since 2020.
Despite the strong revenue growth, the sector recorded a 3% decline in the visitor index, suggesting that consumers are spending more per visit even as foot traffic slightly weakens.
Category-based turnover data showed that clothing posted the strongest annual increase, rising 35% compared with the previous year. Technology retail followed with a 31% increase, while food and beverage and hypermarkets each recorded 30% growth. Other retail categories expanded by 23%, and shoes and bags saw an 11% increase.
Revenue per square meter in Istanbul shopping malls increased by 25%, while malls in other regions of Türkiye recorded a larger rise of 35.3%.
Commenting on the figures, Shopping Centers and Investors Association President Hulya Sapkaci said Türkiye currently has 445 shopping malls. She said four malls opened in 2025, noting that most of them were projects that had previously been delayed or suspended, and five additional shopping malls are expected to open in 2026.
Sapkaci stressed that groups investing in shopping malls are typically those with experience in retail or mall management. However, she noted that some businesspeople are increasingly viewing malls as a way to diversify risk.
"There are businesspeople who want to spread their risk. If they trust a particular shopping mall and it provides stable returns, they have started to show interest in investing in such assets," she said.
Sapkaci added that ownership changes are often accompanied by redevelopment or repositioning plans, but emphasized that maintaining international investors in malls remains a key concern when properties change hands.
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