The office rental values rose 1.7 per cent at the prime commercial locations during last six months while the capital values for office space rose by four per cent, Cushman & Wakefield said in its latest monthly update.
The rental values at South Delhi's prime and micromarkets recorded a two per cent increase where as capital values rose by 1.8 per cent and 2.4 per cent respectively in the two markets.
At the prime locations of Gurgaon, the rental price for office space declined by four per cent while that of capital values for such spaces rose by 2.6 per cent in the six-month review period.
"Lease rentals are expected to remain stable in Gurgaon and Noida over the next quarter," C&W said.
Prime location like Connaught Place is witnessing a rise in rental due to speculation over the launch of the metro operations, however, Grade-A commercial office space continues to be short in supply.
The retail markets are also undergoing a defining change with more developers deciding not to sell space to investors, it said, adding "this has certainly boosted the confidence of retailers".
Prime hi-street locations like South-Extension, CP, Greater Kailash, Sector 18 Noida, continue to enjoy interest from various retail segments and sustained increase in rentals.
