Mumbai 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 225 - 260 4.0 - 4.7 0% -3% BKC 225 - 320 4.0 - 5.7 1% 1% Worli/Prabhdevi 175 - 225 3.1 - 4.0 0% 0% Kalina 175 - 210 3.1 - 3.8 0% 0% Lower Parel 140 - 180 2.5 - 3.2 0% -3% Powai 100 - 120 1.8 - 2.2 0% 0% Andheri East 90 - 125 1.6 - 2.2 0% 0% Goregaon / JVLR 80 - 110 1.4 - 2.0 0% 0% Malad 80 - 90 1.4 - 1.6 0% 0% Navi Mumbai 55 - 75 1.0 - 1.3 0% 0% LBS / Thane 50 - 100 0.9 - 1.8 0% 0% Client Building Name Area (Sq.ft) Location Transac- tion Type Convergys Gcorp 120,000 Thane Lease ISDI Parsons One India Bulls Annexe 210,000 Lower Parel Lease QAD Techniplex 30,000 Goregaon West Lease Sun Pharma Corporate Center 25,000 Andheri East Lease SBI The Capital 36,000 BKC Lease Zenith Computers Times Square 27,000 Andheri East 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: Vijay Rajagopalan | Director | Office Services Surabhi Arora | Associate Director | Research [email protected] | 022 - 40504540 [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 | MUMBAI | JULY 2013 MARKET TRANSACTIONS Note: 1 US$= INR 55.72 (Average: 01st April-30th June,2013) Above graph represents new supply, absorption, and vacancy in Grade A properties only 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% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 New Supply (In Mln sqft) Absorption (In Mln sqft) Vacancy (In %) 2008 2009 2010 2011 2012 2013F 2014F 0 30 60 90 120 150 180 210 240 2008 2009 2010 2011 2012 2013F 2014F Average Rental Trends (INR Per Sq Ft Per Month) Forecast
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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 Mumbai Office Rental Insight July 2013
Micro Market INR | US $(Rentals per sq.ft/month)
% Change(Q-o-Q) | (Y-o-Y)
CBD 225 - 260 4.0 - 4.7 0% -3%
BKC 225 - 320 4.0 - 5.7 1% 1%
Worli/Prabhdevi 175 - 225 3.1 - 4.0 0% 0%
Kalina 175 - 210 3.1 - 3.8 0% 0%
Lower Parel 140 - 180 2.5 - 3.2 0% -3%
Powai 100 - 120 1.8 - 2.2 0% 0%
Andheri East 90 - 125 1.6 - 2.2 0% 0%
Goregaon / JVLR 80 - 110 1.4 - 2.0 0% 0%
Malad 80 - 90 1.4 - 1.6 0% 0%
Navi Mumbai 55 - 75 1.0 - 1.3 0% 0%
LBS / Thane 50 - 100 0.9 - 1.8 0% 0%
Client Building Name
Area (Sq.ft)
Location Transac-tion Type
Convergys Gcorp 120,000 Thane Lease
ISDI Parsons One India Bulls Annexe 210,000 Lower Parel Lease
QAD Techniplex 30,000 Goregaon West Lease
Sun Pharma Corporate Center 25,000 Andheri East Lease
SBI The Capital 36,000 BKC Lease
Zenith Computers Times Square 27,000 Andheri East Lease
OFFICE RENTAL INSIGHT
GRADE A RENTAL VALUES
AVERAGE RENTAL TREND- GRADE A BUILDINGS
OFFICE SUPPLY, ABSORPTION & VACANCY RATE
For Office Services related queries, please contact: For more information and research related queries, please contact: Vijay Rajagopalan | Director | Office Services Surabhi Arora | Associate Director | Research [email protected] | 022 - 40504540 [email protected] | 0124 - 4567580
DISCLAIMER This document has been prepared by Colliers International for general information only. Colliers International does not guarantee warrant or represent that the information contained in this document is correct. Any interested party should undertake their own enquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damage arising directly or indirectly there-from.
INDIA | MUMBAI | JULY 2013
MARKET TRANSACTIONS
Note: 1 US$= INR 55.72 (Average: 01st April-30th June,2013)
Above graph represents new supply, absorption, and vacancy in Grade A properties only
Above table represents indicative transactions during 2Q 2013.
Above rental trends indicates Non IT Grade A properties only
©Copyright 2013 - 2014. All Rights Reserved.
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Average Rental Trends (INR Per Sq Ft Per Month)
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