Warehouse rental rose 1.1 per cent in Delhi-NCR, but fell 7.8 per cent and 4.6 per cent, respectively, in Mumbai and Bengaluru during the first six months of this year, according to Knight Frank. The outlook for the next six months is stable in these three cities. The leading global property consultancy on Friday released its Asia Pacific Warehouse Review: H1 2021. The National Capital Region (NCR) witnessed a marginal warehouse rental increase of 1.1 per cent year-on-year (YoY) in H1 2021. Mumbai and Bengaluru witnessed a decline of 7.8 per cent and 4.6 per cent, respectively, Knight Frank said in a statement. "Despite decline, Mumbai remained the most expensive prime warehouse rental market in the country, attracting USD 2.93 per square meter per month," the consultant said. Bengaluru is the second most expensive prime warehousing market in India, recording rental at USD 2.72/ Square meter per month. Rental for prime rental asset class in NCR recorded at USD 2.59/ square meter
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