Connaught Place, the heart of Delhi, has become the ninth most expensive office location in the world. Here the average annual fare has reached $ 153 or about 10,527 rupees per square foot.
Connaught Place, the heart of Delhi, has become the ninth most expensive office location in the world. Here the average annual fare has reached $ 153 or about 10,527 rupees per square foot. This information has been given in a survey conducted by Property Consultant CBRE. Earlier, Connaught Place was at number one. According to CBRE’s list, Mumbai’s Bandra Kurla Complex, which was ranked 16th last year, has now slipped to 26th position.
The average annual fare here is $ 96.51 per square foot. At the same time, the CBD of Nariman Point of Mumbai has also come to 37th, which was 30th last year. The annual fare here is $ 72.80 per square foot. CBRE has given this information in the ‘Global Prime Occupancy Cost Survey’. The standard of this survey includes things like rent, local tax and service charge.
CBRE Chairman (India and South-East Asia) Anshuman Magazine said, “Delhi is becoming a big market. There are a lot of important things happening here, which have an impact on the whole world. This year, this place has jumped to ninth number. According to the survey, Hong Kong’s central area is the first place in this list, with an annual rent of $ 306.57 per sq ft. In the market of Mumbai, it can be seen in the coming months.
After this London’s West End, Beijing’s Finance Street, Hong Kong’s own colon and Beijing’s CBD. New York has been at sixth place in the Midtown-Manhattan List, where annual fare is $ 183.78 per sq ft. At the same time, Midtown-South Manhattan is at seventh place with $ 171.56 per sq ft. In the top ten, Tokyo’s Marunouchi / Otamachi is eighth and London’s City Area is 10th.
The Global Prime Office Occupancy Cost has increased 2.4 per cent annually. Cost 3.2% in the US, 2% in Europe, Middle East and Africa and 1.7% in Asia Pacific. It has been reported in the survey that prime office occupancy cost growth was consistent in all areas of last 12 months. “The strong demand for finance, technology and e-commerce sectors has boosted the pace of increase in prime occupancy costs since last year, and a strong growth propeller for the commercial office market real estate sector,” said Manganese at the Indian Commercial Real Estate Market. Has been made.