Total volume of Lease expiries in Bangalore is expected to cross 9 msf in 2017.
Witnessing quarterly increase since beginning of year, total area of lease expiries in Q4 2017 is expected to be above 3 msf.
The 200+ leases expiring in 2017 have average monthly rent of INR 57/sf/month and add upto nearly 56 crores of monthly rent.
IT/ ITeS industry cotributes to nearly 2/3rd of the lease expiries above 1 lakh sf this year.
*Grade A data only and may include renewals
