Office rentals are rising in India’s top three cities as premium buildings run out of space due to rising demand and the lack of fresh supply of quality spaces. Most premium office buildings in Mumbai, Delhi and the National Capital Region (NCR), and Bengaluru are fully leased out, while a few of them have vacancies of 2-5%. In Mumbai’s financial hub of Bandra Kurla Complex (BKC), prime office buildings such as One BKC, The Capital, Trade Centre and Platina are 90-100% leased out, company executives and property advisors said. Cybercity and Two Horizon Center, DLF’s office space buildings in Gurgaon are 95% occupied, an executive at the developer said, asking not to be identified.
Read more: Livemint
