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Slowdown hits office rentals

Slowdown hits office rentals
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First Published: Mon, Oct 13 2008. 12 43 AM IST

Updated: Mon, Oct 13 2008. 11 08 AM IST
As India’s industrial growth decelerates, 46% gets pared in stock market wealth and business confidence sags, anecdotal and patchy evidence has indicated that commercial realty rentals are staying flat or indeed dropping in prime office space across India.
In a September survey, real estate consultant Cushman & Wakefield confirms the weakening of office rentals, with 16 of the 60 properties surveyed showing a stagnant, likely to weaken or down rating. The rentals at just nine of the 60 properties were expected to rise in the next three months.
Also See Prime office rental values (Graphic)
Graphics by Paras Jain / Mint
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First Published: Mon, Oct 13 2008. 12 43 AM IST