Outlook 2023 India

RENT (INR/SQFT/YR) AND RENT GROWTH (% PER ANNUM) HYDERABAD RENT GROWTH

FORECAST

820

30.0%

 Rent growth is likely to remain within 0.2-0.5% during 2023 and 2024 due to the large volume of supply (28-29 msf) entering the market over these two years.  Rentals are anticipated to range between INR 790-795/sft/yr till 2024.  With the lower volume of supply and declining vacancy levels expected beyond 2024, rental growth is likely to pick up marginally to a rate of 1-1.5%.

815

25.0%

810

20.0%

805

15.0%

800

795

10.0%

790

5.0%

785

0.0%

780

-5.0%

775

2020

2021

2022F 2023F 2024F 2025F 2026F

Rent (INR/SQFT/YR)

Rent growth (%)

Source: Cushman & Wakefield