International Property Consultant Knight Frank in its recent report Prime Office Rental Index Q2 2019, noted that the CBD of Bengaluru (MG Road, Residency Road, Cunningham Road, Lavelle Road, Richmond Road and Infantry Road) ranked 5th in terms of year on year growth at the end of Q2-2019.
Melbourne saw the highest rental growth y-o-y at 16%. Tokyo (12%), Bangkok (10.4%) and Singapore (10.3%) were the other prime office markets that saw higher y-o-y rental growth rates ahead of Bengaluru. Bandra Kurla Complex (BKC) and Connaught Palace, that make up the prime office markets in Mumbai and the NCR respectively, were ranked 8th and 12th at the end of Q2 2019.
The Knight Frank Prime Office Rental Index tracks rental levels of 20 frontline cities across the Asia-pacific region.
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