Asia Pacific Office Outlook 2024

HYDERABAD

RENT GROWTH

R E N T ( I N R / S F/ Y R ) A N D R E N T G R OWT H ( % P E R A N N U M )

FORECAST

900

3.5%

880

3.0%

860

2.5%

840

2.0%

820

1.5%

 Rental growth of 2.6% is anticipated by the end of 2023.  Marginal rental growth in the range of 0.6 – 0.8% is anticipated beyond 2023.  Rentals are anticipated to reach INR 871 sf/yr at the end of 2025 from INR 858 sf/yr during end- 2023.

800

1.0%

780

0.5%

760

0.0%

2021

2022

2023F 2024F 2025F 2026F 2027F

Rent (INR/SQFT/YR)

Rent growth (%)

Source: Cushman & Wakefield