Announcement

Collapse
No announcement yet.

City’s office rents growing at 31 per cent

Collapse
X
Collapse

City’s office rents growing at 31 per cent

Last updated: May 24 2007
0 | Posts
1894 | Views
  • Time
  • Show
Clear All
new posts

  • City’s office rents growing at 31 per cent

    Office rentals in Bangalore are growing at the rate of 31.2% and the city ranks 16th in the fastest-growing rents global list.

    One reason to cheer about is that the city does not figure in the top-50 costliest rentals list in the world. Connaught Place finds its place in the top-10 most expensive office centres in the world, claiming the seventh spot, while Mumbai's Nariman Point moved two notches up at No. 5 — both well above Paris, New York, Hong Kong and Singapore.

    Connaught Place as the only newcomer in the top-10 most expensive office markets, with an occupation cost of $116.19 per sq ft per annum. Rent rates at Mumbai's Nariman Point — India's costliest place for setting up an office — were quoted at $138.41 per sq ft per annum. The two most expensive office markets were both in London -- West End at $241.22 per sq ft per annum, City of London at $165.72. The next two were in Tokyo, Inner Central at $162.09 and Outer Five Wards at $143.52.
Have any questions or thoughts about this?
Working...
X