JLL: Mumbai CRE investment volumes up 143% in 2015

Realopedia Global Real Estate Portal

In its Global Market Perspective for 1Q16, Jones Lang LaSalle noted that commercial real estate investment volumes in Mumbai rose by 143% in 2015. Capital values for prime offices fell by 0.7%. Rental yields for prime offices were 9.9%, or 197 basis points above the yield on the relevant long-dated government bond. Rents for prime office space fell by 2.4%. Net absorption during 2015 was equal to 7.0% of existing stock. At the end of the year, the office vacancy rate was 19.7% and the supply pipeline for 2016-17 equated to 14.4% of existing stock.

Source : JLL/ January 2016/Mumbai/OFF

'All articles and information are based on publicly available data from identified and defined sources. The sources include leading consultancies, think tanks, official statistics offices, trade associations, real estate companies and work of third parties. The data, information, suggestion and articles are not a recommendation for any action. We accept no liability for any loss resulting from decision that is based on an article. We accept no responsibility for any errors and omissions in any published article or work.'