Karaköy Perşembe Market and Historical Inns

Karaköy, one of Istanbul’s most historic neighborhoods, is not only famous for its cafes with Bosphorus views or the iconic Galata Tower, but also for the Perşembe Market and the historical inns (hanlar) scattered throughout its narrow streets. This unique area has been a hub of trade, craftsmanship, and cultural exchange for centuries—and today, it still carries the legacy of that vibrant past. In this article, we’ll explore the history of Karaköy’s Perşembe Market, the inns that give the district its unique identity, and how the area continues to thrive.

What Is Perşembe Market?

The Perşembe Pazarı, or Thursday Market, is a long-standing commercial area located along the waterfront of Karaköy, near the Galata Bridge. Although its name comes from the weekly Thursday markets of the past, the area evolved into a permanent marketplace, mostly serving the marine industry, hardware stores, and industrial suppliers.

A Legacy of Ottoman Maritime Commerce

During the Ottoman Empire, Galata and Karaköy played a central role in sea trade. Their proximity to the Tersane-i Amire (Imperial Shipyard) made them vital locations for shipbuilding, repair, and equipment supply. Over time, the Perşembe Market became home to artisans, blacksmiths, copperware makers, and carpenters, establishing itself as a vital part of Istanbul’s commercial fabric.

Historical Inns (Hanlar) of Karaköy

The Perşembe Market area is not just about shops and stores. The historic inns—known as hanlar in Turkish—are architectural landmarks from the Ottoman period. These multi-story buildings served as storage, workshops, and accommodation for traveling merchants. Today, many of these hanlar are still used for small-scale production or have been converted for modern use.

Notable Inns in the Area

1. Voyvoda Han

• Built in the 19th century, this inn is located near Bankalar Caddesi, once the financial district of the Ottoman Empire.

• Now houses offices, art studios, and design spaces.

2. Karaköy Han

• Recently restored and transformed into a boutique hotel and business center.

• Maintains its historical façade with a modern interior.

3. Halep Han

• A central structure in Perşembe Market, still home to active hardware and marine equipment shops.

• Bustling with workers and tradespeople during business hours.

4. Çinili Han

• Named for its tiled entrance (çini = tile).

• Hosts several workshops and electronic parts stores.

What Can You Find at Perşembe Market?

Today, Perşembe Market retains a very different feel compared to modern shopping malls. With its narrow alleys, overflowing supply shops, and active workshops, the area feels like a living industrial museum. It’s one of the few places where traditional craftsmanship and commerce continue side by side.

Popular Goods Sold:

• Marine and ship equipment

• Stainless steel tools and fixtures

• Plumbing and water systems supplies

• Electrical and mechanical parts

• Industrial kitchen equipment

Preservation vs. Modernization

In recent years, Karaköy has become a trendy district, attracting tourists, artists, and developers. This transformation has led to some of the old inns being converted into boutique hotels, cafes, and galleries, while others still function as they did decades ago. This raises a key question: Should we preserve the historic character, or modernize the area to suit contemporary needs?

Why Should You Visit Perşembe Market?

• To experience the authentic commercial history of Istanbul.

• To photograph architectural textures and industrial design elements.

• To meet local artisans and tradespeople still practicing their craft.

• To find rare parts and materials not sold anywhere else in the city.

• To witness the coexistence of old and new, history and innovation.

Final Thoughts: The Beating Heart of Karaköy

The Perşembe Market and its surrounding hanlar are much more than just places of trade. They are living monuments to Istanbul’s industrious past. When you walk through these narrow streets, you're not just shopping—you’re witnessing history in motion. Whether you’re a history buff, a photographer, or just a curious traveler, Karaköy’s Perşembe Pazarı is a must-see destination that embodies the soul of a working, breathing city.