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The Hindu
The Hindu
National
Special Correspondent

City’s prime office rental grew 12% despite global headwinds: Knight Frank

Knight Frank Bengaluru

Bengaluru witnessed the highest prime office rental percentage in the entire Asia Pacific region with an increase of 12.1% year-on-year in the second calendar quarter of 2022, said Knight Frank, a realty advisory, consulting and management firm.

With a double-digit growth, Bengaluru was the best-performing prime office market in the APAC region in terms of rental growth in Q2 2022 as compared to last year, and continuing on this trend, the rental value in the city may rise during the following 12 months, reported the firm.

With the 22nd position on APAC Prime Office Rental Index, the city finds itself as one of the least expensive prime office markets in the region. The prime office rent of the city was recorded at ₹1,620/sq ft/year.

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