Chennai office rental insights april 2014
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Micro Market INR | US $ (Rental Per Sq.Ft/Month) % Change (Q-o-Q) | (Y-o-Y) CBD 65 - 85 1.1 - 1.4 0% 0% Guindy (SBD) 50 - 60 0.8 - 1.0 0% 0% GST Road 35 - 40 0.6 - 0.6 0% 0% OMR (IT Corridor) 25 - 45 0.4 - 0.7 0% 8% Ambattur 25 - 30 0.4 - 0.5 0% 0% Client Building Name Area (Sq.Ft) Location Transaction Type Apollo Hos- pitals Sunny Side 14,600 Road Lease N Trust Rajeha Towers 20,000 Annasalai Sale Telebuy Prince Info Park 24,000 Ambattur Lease TVS Logistics Karunai Kudil 12,055 Nungambakkam Lease Vertex Rayala Tower 11,195 Annasalai Lease Yash Tech- nologies Jayanth Tech Park 14,200 Ramavaram Lease OFFICE RENTAL INSIGHT GRADE A RENTAL VALUES Average Rental Trends for Grade A Properties Supply, Absorption and Vacancy Trends For research related queries, contact: Kaushik Reddy Surabhi Arora | Associate Director | Research [email protected] | 044 - 28361064 [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 | CHENNAI | 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 Above table represents indicative transactions concluded during 1Q 2014. ©Copyright 2014 - 2015. All Rights Reserved. 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 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
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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.
Transcript of Chennai office rental insights april 2014
Micro Market INR | US $(Rental Per Sq.Ft/Month)
% Change(Q-o-Q) | (Y-o-Y)
CBD 65 - 85 1.1 - 1.4 0% 0%
Guindy (SBD) 50 - 60 0.8 - 1.0 0% 0%
GST Road 35 - 40 0.6 - 0.6 0% 0%
OMR (IT Corridor) 25 - 45 0.4 - 0.7 0% 8%
Ambattur 25 - 30 0.4 - 0.5 0% 0%
Client Building Name Area (Sq.Ft)
Location Transaction Type
Apollo Hos-pitals Sunny Side 14,600 Road Lease
N Trust Rajeha Towers 20,000 Annasalai Sale
Telebuy Prince Info Park 24,000 Ambattur Lease
TVS Logistics Karunai Kudil 12,055 Nungambakkam Lease
Vertex Rayala Tower 11,195 Annasalai Lease
Yash Tech-nologies
Jayanth Tech Park 14,200 Ramavaram Lease
OFFICE RENTAL INSIGHT
GRADE A RENTAL VALUESAverage Rental Trends for Grade A Properties
Supply, Absorption and Vacancy Trends
For research related queries, contact: Kaushik Reddy Surabhi Arora | Associate Director | Research [email protected] | 044 - 28361064 [email protected] | 0124 - 4567580
DISCLAIMER This document has been prepared by Colliers International for general information only. Colliers International does not guarantee warrant or represent that the information contained in this document is correct. Any interested party should undertake their own enquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damage arising directly or indirectly there-from.
INDIA | CHENNAI | APRIL 2014
MARKET TRANSACTIONS
Note: 1 US$= INR 61.72 (Average: 1st Jan - 31st Mar, 2014)
Above graph represents both Non IT and IT Grade A propertiesAbove table represents indicative transactions concluded during 1Q 2014.
©Copyright 2014 - 2015. All Rights Reserved.
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