In its annual Global Prime Office Occupancy Costs survey, CBRE tracks the cost of leasing prime office space globally
Economy:-New Delhi’s Connaught Place (CP) is the ninth most costly office area on the planet with a yearly lease of almost $144 per sq ft, as indicated by property advisor CBRE.
CP, situated in the core of the national capital, was at the ninth position even a year ago.
In its yearly Global Prime Office Occupancy Costs study, CBRE tracks the expense of renting prime office space internationally.
For the subsequent year, Hong Kong’s Central area held the top spot as the world’s most costly market for prime office rents, with the prime inhabitance costs esteemed at $322 per sq.ft.
“New Delhi’s Connaught Place – focal business region (CBD) holds its ninth position in the rundown as a year ago and the workplace inhabitance cost is esteemed at $143.97 per sq ft,” the report said.
Mumbai’s Bandra Kurla Complex and Nariman Point CBD slipped to 27th and 40th positions, separately.
Bandra Kurla Complex (BKC) was positioned 26th and Nariman Point at 37th in 2018 positioning.
The present yearly prime lease of BKC is esteemed at $90.67 per sq. ft and the Nariman Point CBD is esteemed at $68.38 per sq ft.
Indian markets kept on having more noteworthy speculation evaluation space in the CBDs of the various urban areas as conspicuous residential and worldwide corporates kept on favoring venture evaluation space for setting in advance their front workplaces in these urban communities,” said Anshuman Magazine, Chairman and CEO, India, South East Asia, Middle East and Africa, CBRE.
The business office market remains a solid development propeller for the land area, he included.
“Delhi, being a prime market, keeps on seeing supported movement and holds its situation among the main 10 most costly markets on the planet,” Magazine said.
CBRE featured that six of the world’s 10 most costly office markets are found in Asia.
London’s (West End) is positioned second, trailed by Hong Kong (Kowloon) and New York (Midtown Manhattan).
Beijing’s (Finance Street) is at the fifth position on the rundown.
In its report, CBRE underlined the developing hugeness of ability securing race, driving the prime inhabitance cost to more up to date statures.
“This, joined with restricted supply and moderate development pipelines in many urban areas, are the main impetuses behind the value development,” it included.
The report likewise recommends negligible moves in the Top 10 Most Expensive Market universally, with most nations exhibiting a firm hang on their worldwide situating as a year ago.
Aditi Mehta 