Office rentals decline in Mumbai, Bengaluru: Knight Frank
The Hindu
The prime office space market in Mumbai & Bengaluru witnessed 0.8% and 3% decline in rentals quarter-on-quarter in the January-March period while rents in the NCR market remained unchanged acc
The prime office space market in Mumbai & Bengaluru witnessed 0.8% and 3% decline in rentals quarter-on-quarter in the January-March period while rents in the NCR market remained unchanged according to a report by Knight Frank. However, Bengaluru, NCR and Mumbai markets are expected to remain stable in rental values over the next 12 months, the report added. According to Knight Frank’s Asia Pacific Prime Office Rental Index, Taipei is the only city expected to witness an increase in office rental values across the APAC region in next 12-months.
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