The city\u2019s office space occupiers will face upward revisions in rents in the coming years, said a report.\u00a0“Compared to Q2 2015 when Mumbai\u2019s rental values had bottomed out, the city will now start to see acceleration in its rental value growth from Q2 2016,” it said.\u00a0The research tracks rents (in local currency) for prime Grade-A office spaces in several cities\u2019 Central Business District (CBD) (or their equivalent) across the globe.\u00a0It then puts these cities on a \u2018rental clock\u2019 representing the cyclical nature of office rents. In Mumbai, Bandra Kurla Complex is the de-facto CBD. “The original CBD of Nariman Point long lost out to newer micro-markets due to the evolving needs of occupiers, which it has not been able to provide,” said the report.<\/p>\n
Read more: Economic Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The city\u2019s office space occupiers will face upward revisions in rents in the coming years, said a report.\u00a0“Compared to Q2 2015 when Mumbai\u2019s rental values had bottomed out, the city will now start to see acceleration in its rental value growth from Q2 2016,” it said.\u00a0The research tracks rents (in local currency) for prime Grade-A\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3],"tags":[104,82],"class_list":["post-771","post","type-post","status-publish","format-standard","hentry","category-city","category-mumbai","tag-office-space","tag-rental-growth"],"_links":{"self":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/comments?post=771"}],"version-history":[{"count":1,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/771\/revisions"}],"predecessor-version":[{"id":772,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/771\/revisions\/772"}],"wp:attachment":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/media?parent=771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/categories?post=771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/tags?post=771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}