Small variations in rentals per square foot make a huge difference in monthly rental outflows for a Corporate Occupier.
This quarter at Propstack, we observed such a trend within the primary NCR occupier markets of Gurgaon and Noida.
Contrary to expectation, the lowest and the highest warmshell rentals for deals signed in Q2 2017 were in the same localities of both Gurgaon micromarkets.
Central Gurgaon includes Cyber City, M.G. Road, Golf Course Road, Sushant Lok
Rest of Gurgaon includes Golf Course Extension Road, Udyog Vihar, Sohna Road, Delhi-Jaipur Exp, Gwal Pahari, Manesar
In Noida, the variation of maximum from minimum warmshell rental was nearly 36%. Both deals however were in different sectors (Sector 127 and Sector 135 respectively).
*Grade A data only and Includes renewals
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