Hindustan Times-South Indian cities lead in commercial leasing, witness 26% increase in average rentals in six years
South Indian cities lead in commercial leasing, with a 26% rise in average rent over six years. Bengaluru tops the list with a 26% increase in monthly office rentals, followed by Hyderabad at 25% and Chennai at 20%. In contrast, NCR in North India experienced a rental growth of 10%, Anarock Research has said.
Bengaluru leads with a 26% rise in office rentals in the period – from ₹74 per sq. ft. per month in 2019 to ₹93 per sq. ft. per month in 2024, followed by Hyderabad with 25% growth – from ₹56 per sq. ft. in 2019 to ₹67 per sq. ft. in 2024 and Chennai with 20% rise – from ₹60 per sq. ft. in 2019 to ₹75 per sq. ft, it said.
