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Image Credit: Bloomberg Quint

Top 7 Indian Cities See 4-8% Rise In Office Rent In 2024: Vestian

  • The rent for office spaces in India's seven major cities rose 4-8% annually in 2024 while the eight big overseas markets saw a mixed trend in rental growth, according to Vestian.
  • Among seven Indian cities, Mumbai saw an increase of 6.7% in monthly average office rent to $1.6 per square feet.
  • Delhi saw an 8.2% rise in monthly rentals to $0.9 per square feet, while Bengaluru witnessed a 4.7% rise to $1.1 per square feet.
  • The consultant said prime commercial hubs like Mumbai's BKC and Delhi's central business district (Connaught Place and adjoining area) command high rentals, with average rent reaching $3-4 per sq ft a month.

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