Office rentals crash 6-8% in Q1 of 2021 in Mumbai, Bengaluru

New Delhi: Rentals of office spaces in Mumbai and Bengaluru dropped 6.2 percent and 8 percent respectively in the first quarter of the current calendar year as compared to the previous, according to a Knight Frank report.

The office rentals in Delhi-NCR dropped just 1 percent in the January-March period of 2021 as against the corresponding period of 2020.

Even though there is uncertainty about India's office space sector, the rentals in Mumbai, Bengaluru and Delhi NCR are expected to remain stable in the coming 12-months. 

 

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