JLL: Grade A office vacancy rate in Mumbai of 19.8%, with supply pipeline of 13.0% at end of 2Q15
In its Global Market Perspective for Q315, Jones Lang Lasalle IP Inc. (JLL) noted that the vacancy rate for Grade A office space in Mumbai was 19.8%, and that there is a supply pipeline (completions in 2015-16 relative to existing stock) of 13.0%. Over the last year, rents have fallen by 4.7% and capital values have dropped by 3.3%. Prime yields in 2Q15 were 10.0%.
Source : August 2015/JLL/Mumbai/OFF