Commercial rents may rise in coming few quarters

Rentals for office and retail spaces are expected to increase in the coming quarters on the back of rising demand, according to a survey by RICS. 

Royal Institution of Chartered Surveyors, a global body for setting standards in the property sector, said in its latest report that the demand for office and retail spaces rose during the January-March quarter. 

"There are positive indicators in the market. The occupier demand for the first time since 2011 has outpaced the rise in av vailability (though marginally). This means that there is healthy demand for quality space in the market," RICS South Asia Managing Director Sachin Sandhir said in a statement. 

Rents have bottomed out over the past few quarters, he said, adding that they are expected to rise from these levels...
Read More>>>>>