Tag Archives: Office Rents

Propstack Insights: Propsense Q4 2017 Released

Propsense Q4 2017 Released Gross Absorption was 15.7 msf spread across 444 msf of total stock across the top 7 Indian cities. Cumulative Vacancy for these cities was 12.2% during end of the quarter. To know more about major deals, transacted rates, net absorption and micromarket level statistics for the top 7 cities login to  office.propstack.com *Grade A office data only

India’s Office Rent Indices by Propstack & MIT

Massachusetts Institute of Technology (MIT) in collaboration with Propstack has built India’s office realty rent indices for top 6 cities. These indices depict the growth of office rents since 2010. Both MIT and Propstack believe that an indicator tracking the rental growth like Rent Index can be important for an emerging market like India, promoting better… Read More »

Propstack Insights: Pivotal role of IT Parks in Chennai – 2015-2017 analysis

With the recent news, 20-acre IT Park to be built in Chennai by Hiranandani Group, the city is on its way of being the next IT hub of the country. Strong leasing activity has fueled the absorption in Chennai IT parks, contributing more than fifty percent of the total. Steady increase in annual average rent… Read More »

Samsung India leases 1.10 lakh sq ft office space in Mumbai’s Goregaon

In one of the biggest front office transactions so far this year, consumer durable major Samsung India Electronics has leased 1.10 lakh sq ft office space in Oberoi Realty’s commercial complex Commerz II in Goregaon suburb of Mumbai, said two persons familiar with the development. The company will be paying rentals of Rs 145 per… Read More »

Office rentals to peak on demand surge across top cities

Is limited supply in the office market space leading to high rentals? Market seems to indicate that commercial rental market is likely to peak anywhere between 5 and 12 per cent due to limited supply. Developers who have invested in commercial projects also said that they are seeing significant enquiries from prospective tenants with some of… Read More »

Mumbai’s Bandra-Kurla Complex office rentals market going strong despite demonetisation

Demonetisation has not slowed down the commercial property market, at least in Bandra-Kurla Complex (BKC). Consider this fact: In the past one month, several office lease transactions have been concluded in the business district. Most of these deals have taken place in Maker Maxity, the 18-acre office complex which is a joint venture between Mukesh… Read More »