INSUBCONTINENT EXCLUSIVE:
Bengaluru, India's high-tech hub, notched up the steepest office-rental increases in Asia in the second quarter, according to Knight Frank
LLP.The southern Indian city formerly known as Bangalore topped Knight Frank's office-rent index with a 7 percent hike in rates in the
three months ended June versus the quarter prior
Tight supply pushed up costs as large companies jostled for quality space, according to the report
bolster rental growth for the second half," said Nicholas Holt, Knight Frank's head of research for Asia-Pacific
"Despite several headwinds, including tensions around trade, regional economic growth continues to fuel demand for grade-A office
space."Office rents in cities including Sydney, Hong Kong and Singapore are expected to see marginal increases for the rest of 2018, while
those in Tokyo, Shanghai and Kuala Lumpur will be flat to down.(Except for the headline, this story has not been edited by
TheIndianSubcontinent staff and is published from a syndicated feed.)
