Mumbai office rental insights april 2014
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Micro Market INR | US $ (Rents Per Sq.Ft/Month) % Change (Q-o-Q) | (Y-o-Y) CBD 226 - 260 3.7 - 4.2 0% 0% BKC 226 - 320 3.7 - 5.2 0% 1% Worli/Prabhadevi 176 - 225 2.9 - 3.6 0% 0% Kalina 175 - 211 2.8 - 3.4 0% 0% Lower Parel 141 - 180 2.3 - 2.9 0% 0% Powai 101 - 120 1.6 - 1.9 0% 0% Andheri East 91 - 125 1.5 - 2.0 0% 0% Goregaon / JVLR 81 - 110 1.3 - 1.8 0% 1% Malad 81 - 90 1.3 - 1.5 0% 1% Navi Mumbai 56 - 75 0.9 - 1.2 0% 1% Thane/ LBS 51 - 100 0.8 - 1.6 0% 1% Client Building Name Area (Sq.Ft) Location Transaction Type Adcock Ingram Ithink 15,190 Thane Lease Danone Phoenix Market City 18,000 Kurla (W) Lease Locon Solu- tions Reliable Tech Park 18,500 Airoli Lease PWC BG House 12,000 Powai Lease Regus Birla Aurora 12,000 Worli Lease Siva Shipping Peninsula Corp Park 7,000 Lower Parel (W) Lease OFFICE RENTAL INSIGHT GRADE A RENTAL VALUES Average Rental Trends for Grade A Properties Supply, Absorptionn and Vacancy Trends For research related queries contact: George McKay Vikas Kalia Surabhi Arora | Associate Director | Research [email protected] | 022 - 40504553 [email protected] | 0124 - 4567531 [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 | APRIL 2014 MARKET TRANSACTIONS Note: 1 US$= INR 61.72 (Average: 1st Jan - 31st Mar,2014) Above table represents indicative transactions during 1Q 2014. ©Copyright 2014 - 2015. All Rights Reserved. 0 30 60 90 120 150 180 210 240 2008 2009 2010 2011 2012 2013 2014F 2015F Average Rental Trends (INR Per Sq Ft Per Month) Forecast -1% 2% 5% 8% 11% 14% 17% 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 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 Mumbai office rental insights april 2014
Micro Market INR | US $(Rents Per Sq.Ft/Month)
% Change(Q-o-Q) | (Y-o-Y)
CBD 226 - 260 3.7 - 4.2 0% 0%
BKC 226 - 320 3.7 - 5.2 0% 1%
Worli/Prabhadevi 176 - 225 2.9 - 3.6 0% 0%
Kalina 175 - 211 2.8 - 3.4 0% 0%
Lower Parel 141 - 180 2.3 - 2.9 0% 0%
Powai 101 - 120 1.6 - 1.9 0% 0%
Andheri East 91 - 125 1.5 - 2.0 0% 0%
Goregaon / JVLR 81 - 110 1.3 - 1.8 0% 1%
Malad 81 - 90 1.3 - 1.5 0% 1%
Navi Mumbai 56 - 75 0.9 - 1.2 0% 1%
Thane/ LBS 51 - 100 0.8 - 1.6 0% 1%
Client Building Name
Area (Sq.Ft)
Location Transaction Type
Adcock Ingram Ithink 15,190 Thane Lease
Danone Phoenix Market City 18,000 Kurla (W) Lease
Locon Solu-tions
Reliable Tech Park 18,500 Airoli Lease
PWC BG House 12,000 Powai Lease
Regus Birla Aurora 12,000 Worli Lease
Siva Shipping Peninsula Corp Park 7,000 Lower Parel
(W) Lease
OFFICE RENTAL INSIGHT
GRADE A RENTAL VALUES
Average Rental Trends for Grade A Properties
Supply, Absorptionn and Vacancy Trends
For research related queries contact:George McKay Vikas Kalia Surabhi Arora | Associate Director | [email protected] | 022 - 40504553 [email protected] | 0124 - 4567531 [email protected] | 0124 - 4567580
DISCLAIMER This document has been prepared by Colliers International for general information only. Colliers International does not guarantee warrant or represent that the information contained in this document is correct. Any interested party should undertake their own enquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damage arising directly or indirectly there-from.
INDIA | MUMBAI | APRIL 2014
MARKET TRANSACTIONS
Note: 1 US$= INR 61.72 (Average: 1st Jan - 31st Mar,2014)
Above table represents indicative transactions during 1Q 2014.
©Copyright 2014 - 2015. All Rights Reserved.
0
30
60
90
120
150
180
210
240
2008 2009 2010 2011 2012 2013 2014F 2015F
Average Rental Trends (INR Per Sq Ft Per Month)
Forecast
-1%
2%
5%
8%
11%
14%
17%
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 2013 2014F 2015F
