Office rentals have been on an upswing with the average rents going up by 8 per cent year-on-year (YoY) in first half of 2016. NCR, Pune and Bengaluru are cities that led the rally with rents moving up in the range of 10-14 per cent year-on-year during the same period, according to a property consultancy. It further added that vacancy levels in the top six cities (Bengaluru, Chennai, Hyderabad, Mumbai, NCR and Pune) fell marginally, from 17 per cent in first half of 2015 to less than 15 per cent in first half of 2016.
Read more: Financial Express
