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Bengaluru office mkt to see rent spike; Mumbai, Delhi stable: Knight Frank

Bengaluru has low vacancies that will enable absorption of upcoming supply. Its rentals are lower than global markets and its large talent pool should help quicker market revival

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According to the report, Asia- Pacific prime office rents are expected to decline by up to 3 per cent in 2021.

3 min read Last Updated : Nov 30 2020 | 4:33 PM IST

The Bengaluru office market, which absorbs the highest commercial real estate stock, is expected to see a rise in rental values next year while Mumbai and NCR are likely to remain stable, says a new report.

"For the main office markets of India, the positive trends are a draw out of the encouragement received in the subsequent part of 2020 (July–Sept) which saw office space demand make a comeback, albeit still short of pre-Covid periods. Bengaluru in particular has the benefit of existing low vacancies that will enable absorption of much of the upcoming supply. The city also has the advantage

Topics : office market Bengaluru Real Estate

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