Everyone is aware of the high property prices and high rental rates in Mumbai but a recent study has shown that Mumbai holds the 15th rank in the list of world’s prime office skyscrapers on rent. The study was conducted by the Global Real Estate Consultants Company- Knight Frank.The study was conducted for office skyscrapers in 18 prime property markets throughout the world.
The study was based on different criteria including the trend of rental yields, the growth prospects, the number of new high rises built in the cities, etc. The rank one of the world’s highest rented office skyscrapers is bagged by Hong Kong. On an average, the city earns a rental yield of $250.50 per square feet annually. Though the city earns the highest rent yields, the report reflects a constrained CBD area and a low vacancy rate. [Read more…]