India, September 4, 2018:Knight Frank, the independent global property consultancy, today launched its Asia-Pacific Prime Office Rental Index for Q2 2018. The index increased by 2.4% quarter-on-quarter in Q2 – almost three times that of Q1 at 0.9% – primarily driven by rent increases seen in Bengaluru, Tokyo, Hong Kong and Sydney.
Key Asia Pacific findings:
Key India findings:
Speaking on the report findings, Arvind Nandan,Executive Director – Research, Knight Frank India, said “Shortage of quality spaces has led to a 7% quarter-on-quarter rental growth in Bengaluru’s Central Business District (CBD) in Q2 2018. Corporate occupiers are jostling forquality space within the tightly suppliedCBD and off-CBD districts, with many of them navigating the issue by pre-committing to upcoming supply. Similarly, in Mumbai where the rentals have remained unmoved this quarter, limited supply is likely to lead to rental growths in the ensuing period.”
Asia-Pacific Prime Office Rents– Q2 2018
Source: Knight Frank Research / *Sanko Estate
To download the report, please click:http://bit.ly/PrimeOfficeRental2Q18
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