Micro Market INR | US $(Rents Per Sq.Ft/Month)
%Change(Q-o-Q) | (Y-o-Y)
CBD 80 - 100 1.3 - 1.6 0% 0%
Bannerghatta Road 50 - 60 0.8 - 1.0 0% 8%
Outer Ring Road 50 - 60 0.8 - 1.0 0% 3%
EPIP Zone/ 28 - 36 0.5 - 0.6 0% 16%
Electronic City 23 - 32 0.4 - 0.5 0% -7%
Hosur Road 20 - 40 0.3 - 0.6 0% 0%
Client Building Name Area (Sq.Ft)
Location Transaction Type
Morgan Stanley RMZ Eco World 150,000 ORR Lease
Time Analytics RMZ Eco World 150,000 ORR Lease
Hindustan Coco-Cola Beverages
Brigade Magnum 88,000 Hebbal Sale
HSBC Bagmane Tech Park 92,000 CV Raman
Nagar Lease
Syniverse Embassy Tech Square 120,000 ORR Lease
Time Warner Bros Pritech Park 100,000 ORR Lease
OFFICE RENTAL INSIGHT
GRADE A RENTAL VALUES
Average Rental Trend for Grade A properties
Supply, Absorption & Vacancy Trends
For research related queries, contact: Joe Verghese | Managing Director Yogesh Bheemaiah Surabhi Arora | Associate Director | Research [email protected] [email protected] | 080 - 40795500 [email protected] | 0124 - 4567580
DISCLAIMER This document has been prepared by Colliers International for general information only. Colliers International does not guarantee warrant or represent that the information contained in this document is correct. Any interested party should undertake their own enquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damage arising directly or indirectly there-from.
INDIA | BENGALURU (BANGALORE) | APRIL 2014
MARKET TRANSACTIONS
Note: 1 US$= INR 61.72 (Average: 1st Jan - 31st Mar,2014)
Above graph represents both Non IT and IT Grade A properties
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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
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