Bengaluru set to witness 6.6% office rental growth, third highest globally: Report

In the latest report by Knight Frank – Global Outlook , Bengaluru has emerged as the third fastest growing office market in terms of prime rental values for office space globally. The estimated growth in office rental values in Bengaluru by the end of 2019 is expected to be 6.6%  New Delhi, which is expected to see a rise of 6.5% in prime rental values, was recorded as the fourth fastest growing office market globally.
The annual report evaluates the upcoming year , to state that there will be a shift in focus for property investors as they respond to a more uncertain global economy and the rising cost of debt. The report evaluates 33 global cities and gives insight on office rental growth, office occupier forecast, industrial and retail outlook along with other alternate sectors such as logistics, healthcare and hotels.
Bengaluru, which saw a prime rental value of Rs 125 per sq-ft (psf)/ month, is expected to see a growth in rental value in the range of 6.6% 9, on account of low Grade-A supply in prime markets.