ASIA PACIFIC OUTLOOK 2025

BENGALURU

RENT GROWTH

Rentals are expected to witness marginal growth in 2024. Developers continue to expedite completions given the strong demand momentum.

1,060 1,080 1,100 1,120 1,140 1,160 1,180 1,200 1,220 1,240

2.5%

FORECAST

Premium Grade A properties at prime submarkets such as ORR remain in high demand and tight vacancies have been gradually driving up rentals. A major proportion of upcoming supply is located at ORR, Peripheral East and the fast emerging submarket of Peripheral North. Preference for top quality assets in these locations remain strong, with implications for rental growth. As demand is likely to remain strong in 2025,prime submarket rental levels are expected to maintain upward trajectory, thereby pushing city-wide rentals up as well.

2.0%

1.5%

1.0%

0.5%

0.0%

2022 2023 2024F 2025F 2026F 2027F 2028F 2029F

INR/SQFT/YR

Rent growth (%)

RENT (INR/SF/YR) AND RENT GROWTH (% PER ANNUM)

Cushman & Wakefield

ASIA PACIFIC OUTLOOK 2025

Source: Cushman & Wakefield