Mumbai (Maharashtra) (India), February 18 (ANI): Colliers’ fourth quarter APAC CAP rate report shows that business trust across the Asia-Pacific region continues to increase due to increased demand and lower interest rates It’s there.
The report highlights the surge in consumer spending during the festive season, bringing profits to retail markets in major cities such as Auckland, China, Hong Kong, Bangkok and Bengaluru. In Bengaluru, strong commercial demand outweighs supply and vacancy rates are falling.
The rental and capital value of Grade A commercial offices along the major business corridors, such as Outer Ring Road (ORR), North Bengaluru, and Whitefield, has found great appreciation.
Cap rates at these locations remained stable within the 8.0%-8.5% range, reflecting sustained demand. Additionally, trading volumes in Bengaluru’s organized retail sector have improved, increasing consumer activity during the celebration season has resulted in an increase in capital value in high alleys and increased revenue shares.
In Mumbai, commercial real estate has experienced a six-fold increase in office supply from the previous year, but demand continues to maintain market strength beyond availability.
The surge in office space supply has helped to curb rental growth, except for certain high demand micromarkets.
Meanwhile, Mumbai’s Industrial Real Estate Segment has grown by 15% in the fourth quarter of 2024, stabilizing cap rates, while supply increased by 15%, while Mumbai’s Industrial Real Estate Segment was recorded.
“In addition, Bengaluru has been experiencing increased capital value in high street areas due to increased consumer activity during the festival season, resulting in an organization’s retail transaction volume,” said Ajay Sharma, managing director of the India Colliers evaluation agency. improves and leads to increased revenue. Stocks. In Mumbai, industry trading volume is slightly lower than last year.”
He said, “However, in Mumbai, supply has increased by 15% in the market. Based on this, the CAP rate has remained stable in the fourth quarter of 2024. The monthly average is 5.63%. (ani)
(The story comes from the Syndicate Feed and has not been edited by Tribune staff.)
