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1. Melbourne (CBD district)

Rent USD/sq m /month (Q2 2019): $39.8

Bengaluru CBD 5th fastest growing market in Asia

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.

About Knight Frank

Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank has more than 18,170 people operating from over 523 offices across 60 markets. The Group advises clients ranging from individual owners and buyers to major developers, investors and corporate tenants. For further information about the Company, please visit www.knightfrank.com.