Bengaluru(Bangalore) Office Rental Insight_ July 2013
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Micro Market INR | US $ (Rentals per sq.ft/month) %Change (Q-o-Q) | (Y-o-Y) CBD 80 - 100 1.4 - 1.8 0% 0% Bannerghatta Road 50 - 60 0.9 - 1.1 8% 4% Outer Ring Road 50 - 60 0.9 - 1.1 3% 1% EPIP Zone/ White- field 24 - 33 0.4 - 0.6 5% 4% Electronic City 23 - 32 0.4 - 0.6 -7% 0% Hosur Road 20 - 40 0.4 - 0.7 0% 0% Client Building Name Area (Sq.ft) Location Transaction Type Accenture Mantri Agara Project 500,000 Jakkasandra Lease JDA Mantri Com- mercio 289,000 Outer Ring Road Lease Flipkart Ashford Park view 61,320 Koramangala Lease Goldman Sachs Salarpuria GR Tech Park 36,721 Whitefield Lease Repucom Prestige Shan- tiniketan 40,000 Whitefield Lease T P Vision Manyata Em- bassy Business Park 45,000 Outer Ring Road Lease OFFICE RENTAL INSIGHT GRADE A RENTAL VALUES AVERAGE RENTAL TREND- GRADE A BUILDINGS OFFICE SUPPLY, ABSORPTION & VACANCY RATE For Office Services related queries, please contact: For more information and research related queries, please contact: Yogesh Bheemaiah | Director | Office Services Surabhi Arora | Associate Director | Research [email protected] | 080 - 40795500 [email protected] | 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) | JULY 2013 MARKET TRANSACTIONS Note: 1 US$= INR 55.72 (Average: 1st April-30th June, 2013) Above graph shows new supply, absorption, and vacancy in both Non IT and IT Grade A properties Above table represents indicative transactions during 2Q 2013. Above rental trends indicates Non IT Grade A properties only ©Copyright 2013 - 2014. All Rights Reserved. 0 10 20 30 40 50 60 2008 2009 2010 2011 2012 2013F 2014F Average Rental Trends (INR Per Sq Ft Per Month) Forecast 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 %) 2009 2008 2012 2011 2013F 2010 2014F
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The office rental insight will provide you a quick update on the major trends of Office rentals, vacancy, new supply and market transaction in 2Q 2013.
Transcript of Bengaluru(Bangalore) Office Rental Insight_ July 2013
Micro Market INR | US $(Rentals per sq.ft/month)
%Change(Q-o-Q) | (Y-o-Y)
CBD 80 - 100 1.4 - 1.8 0% 0%
Bannerghatta Road 50 - 60 0.9 - 1.1 8% 4%
Outer Ring Road 50 - 60 0.9 - 1.1 3% 1%
EPIP Zone/ White-field 24 - 33 0.4 - 0.6 5% 4%
Electronic City 23 - 32 0.4 - 0.6 -7% 0%
Hosur Road 20 - 40 0.4 - 0.7 0% 0%
Client Building Name Area (Sq.ft)
Location Transaction Type
Accenture Mantri Agara Project 500,000 Jakkasandra Lease
JDA Mantri Com-mercio 289,000 Outer Ring
Road Lease
Flipkart Ashford Park view 61,320 Koramangala Lease
Goldman Sachs Salarpuria GR Tech Park 36,721 Whitefield Lease
Repucom Prestige Shan-tiniketan 40,000 Whitefield Lease
T P VisionManyata Em-bassy Business Park
45,000 Outer Ring Road Lease
OFFICE RENTAL INSIGHT
GRADE A RENTAL VALUESAVERAGE RENTAL TREND- GRADE A BUILDINGS
OFFICE SUPPLY, ABSORPTION & VACANCY RATE
For Office Services related queries, please contact: For more information and research related queries, please contact: Yogesh Bheemaiah | Director | Office Services Surabhi Arora | Associate Director | Research [email protected] | 080 - 40795500 [email protected] | 0124 - 4567580
DISCLAIMER This document has been prepared by Colliers International for general information only. Colliers International does not guarantee warrant or represent that the information contained in this document is correct. Any interested party should undertake their own enquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damage arising directly or indirectly there-from.
INDIA | BENGALURU (BANGALORE) | JULY 2013
MARKET TRANSACTIONS
Note: 1 US$= INR 55.72 (Average: 1st April-30th June, 2013)
Above graph shows new supply, absorption, and vacancy in both Non IT and IT Grade A properties
Above table represents indicative transactions during 2Q 2013.
Above rental trends indicates Non IT Grade A properties only
©Copyright 2013 - 2014. All Rights Reserved.
0
10
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2008 2009 2010 2011 2012 2013F 2014F
Average Rental Trends (INR Per Sq Ft Per Month)
Forecast
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5%
10%
15%
20%
25%
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New Supply (In Mln sqft) Absorption (In Mln sqft) Vacancy (In %)
20092008 20122011 2013F2010 2014F
