Delhi, Mumbai, Bengaluru Lead Globally For The Most Office Yields, Reveals Nirmal Singh Lotus Green

Nirmal Singh Lotus Green

Among the 34 leading international cities around the world, three metros of India, Delhi, Mumbai, and Bengaluru have earned the highest prime office yields.
According to a recent report released by Knight Frank Global Cities on 28th September, Bengaluru has been yielding more than 10% of prime offices with Delhi and Mumbai trailing closely at 9.2% and 8.5%, respectively. - Nirmal Singh Lotus Green

A separate Tech District Index was also released with the Knight Frank’s report. According to TDI, Bengaluru’s Whitefield space is the cheapest at just $9 per square feet [Rs 590/sq. ft]. While Gurgaon’s Cyber City sits at #25 with office spaces going at $20.4 or Rs 1338 sq. ft, London’s Shoreditch still remains at #1 with holders coughing up more than $90 per square ft.

Nirmal Singh Lotus Green revealed that this year, the Knight Frank took a detailed approach while compiling the list. A new section for rent/office space was also included in the report. When Mumbai sat at a record high sixth on the list, it managed to grow by more than 1.8% in the rent section. Among the top ten rent appreciating markets in the world, Mumbai took on giants of the market like London, Dubai, Tokyo – Mumbai even took over Hong Kong by 1.1%.
The report also examined the rental performance of office building with over 30 stories and found out that London, like last year, is still leading the Europe’s companies that pay a premium price to setup offices in the tallest buildings.


European companies, especially that are setup in London, are still paying highest price for office spaces in the world. After the Brexit, this number was predicted to go down but somehow the rent prices have managed to rise. With so much money going in and out of multinational companies and the value of dollar constantly rising, it doesn’t come as a surprise that the companies are not hesitating in coughing up heavy stacks for office spaces. - Nirmal Singh Lotus Green
Location: India

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