The demand for a furnished plug and play office space in Mumbai is increasing steadily, average rentals for the furnished offices have however declined. Propstack observed that the number of furnished transactions increased by average 16% y-o-y, whereas the rentals have decreased by average 4%. *Grade A office data only and includes renewals For… Read More »
India has seen a surge in Private Equity investments in the recent years. Leading global private equity funds have invested in trophy commercial real estate assets across top cities of India to reap benefits of attractive yields. We, at Propstack, looked at the historical performance of some of the micromarkets where the properties acquired by these institutional… Read More »
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… Read More »
The Peripheral Business Districts (PBDs) have always been a choice for companies looking for large affordable spaces. Central Business District (CBD) locations – which have been the hub of business activity have mostly been touted as the costliest locations for commercial leasing. We tried to compare the rental difference between CBD and PBD micromarkets for… Read More »
