Pleased to release latest OFFICE RENTAL INSIGHT – APRIL 2014. The office rental Insight is a quick guide for Grade A office rental values, absorption, new supply and vacancy trends in major cities in India.
Pleased to release latest OFFICE RENTAL INSIGHT – APRIL 2014. The office rental Insight is a quick guide for Grade A office rental values, absorption, new supply and vacancy trends in major cities in India.
Pleased to release latest OFFICE RENTAL INSIGHT – APRIL 2014. The office rental Insight is a quick guide for Grade A office rental values, absorption, new supply and vacancy trends in major cities in India.
%Change (Q-o-Q) | (Y-o-Y) CBD 80 - 100 1.3 - 1.6 0% 0% Bannerghatta Road 50 - 60 0.8 - 1.0 0% 8% Outer Ring Road 50 - 60 0.8 - 1.0 0% 3% EPIP Zone/ 28 - 36 0.5 - 0.6 0% 16% Electronic City 23 - 32 0.4 - 0.5 0% -7% Hosur Road 20 - 40 0.3 - 0.6 0% 0% Client Building Name Area (Sq.Ft) Location Transaction Type Morgan Stanley RMZ Eco World 150,000 ORR Lease Time Analytics RMZ Eco World 150,000 ORR Lease Hindustan Coco-Cola Beverages Brigade Magnum 88,000 Hebbal Sale HSBC Bagmane Tech Park 92,000 CV Raman Nagar Lease Syniverse Embassy Tech Square 120,000 ORR Lease Time Warner Bros Pritech Park 100,000 ORR Lease OFFICE RENTAL INSIGHT GRADE A RENTAL VALUES Average Rental Trend for Grade A properties Supply, Absorption & Vacancy Trends For research related queries, contact: Joe Verghese | Managing Director Yogesh Bheemaiah Surabhi Arora | Associate Director | Research joe.verghese@colliers.com yogesh.bheemaiah@colliers.com | 080 - 40795500 surabhi.arora@colliers.com | 0124 - 4567580 DISCLAIMER This document has been prepared by Colliers International for general information only. Colliers International does not guarantee warrant or represent that the information contained in this document is correct. Any interested party should undertake their own enquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damage arising directly or indirectly there-from. INDIA | BENGALURU (BANGALORE) | APRIL 2014 MARKET TRANSACTIONS Note: 1 US$= INR 61.72 (Average: 1st Jan - 31st Mar,2014) Above graph represents both Non IT and IT Grade A properties Copyright 2014 - 2015. All Rights Reserved. 0% 5% 10% 15% 20% 25% 0.0 2.0 4.0 6.0 8.0 10.0 12.0 New Supply (In Mln sqft) Absorption (In Mln sqft) Vacancy (In %) 2008 2009 2010 2011 2012 2013 2014F 2015F 0 10 20 30 40 50 60 2008 2009 2010 2011 2012 2013 2014F 2015F Average Rental Trends (INR Per Sq Ft Per Month) Forecast Note: Above table represents indicative transactions concluded during 1Q2014 Above table represents rental range of Grade A IT/ITeS building only Above graph represent rental trends of Grade A IT/ITeS building only