This article was first published 11 years ago

Nariman Point among prime spots that saw biggest fall in prices

January 03, 2014 09:11 IST

Image: Air India Building and Hotel Hilton Towers at Nariman Point.
Photographs: Courtesy, Abhi Madhani/Wikimedia Commons

While there are some prime locations that are witnessing a boom in rental prices, there are some major commercial areas that are seeing a drop.

Let's take a look at some main spots that reported fall in rental prices.

Source: CBRE

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CBRE

Image: Tourists crowd Palma de Mallorca's Arenal beach in the Spanish Balearic island of Mallorca.
Photographs: Enrique Calvo/Reuters

Palma de Mallorca

Country: Spain

Drop in rental prices in Q3 2013: 11.3 per cent

Overall rank in drop in Q3 2013: 1

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Palma de Mallorca Spain

Image: A panoramic view of the City of Arts and Sciences in Valencia, Spain.
Photographs: Heino Kalis/Reuters

Valencia

Country: Spain

Drop in rental prices in Q3 2013: 10.7 per cent

Overall rank in drop in Q3 2013: 2

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Spain Valencia

Image: People walk in front of a department store having a sale in downtown Milan, Italy.
Photographs: Alessandro Garofalo/Reuters

Milan

Country: Italy

Drop in rental prices in Q3 2013: 7.1 per cent

Overall rank in drop in Q3 2013: 3

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Italy

Image: Consumers walk along Oscar Freire street, Sao Paulo's version of Rodeo Drive in Beverly Hills, in Sao Paulo, Brazil.
Photographs: Paulo Whitaker/Reuters

Sao Paulo

Country: Brazil

Drop in rental prices in Q3 2013: 5.9 per cent

Overall rank in drop in Q3 2013: 4

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Sao Paulo Brazil

Image: People walk at a seafront promenade in the evening at the Nariman Point financial area in south Mumbai.
Photographs: Vivek Prakash/Reuters

Nariman Point, Mumbai

Country: India

Drop in rental prices in Q3 2013: 5.1 per cent

Overall rank in drop in Q3 2013: 5

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Mumbai India

Image: A view of Hong Kong's Central district.
Photographs: Victor Fraile/Reuters

Central district

Country: Hong Kong

Drop in rental prices in Q3 2013: 4.7 per cent

Overall rank in drop in Q3 2013: 6

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Hong Kong

Image: Tourists sit on stools and drink beer along a street at the old quarters in Hanoi, Vietnam.
Photographs: Kham/Reuters

Hanoi

Country: Vietnam

Drop in rental prices in Q3 2013: 4.6 per cent

Overall rank in drop in Q3 2013: 7

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Hanoi Vietnam

Image: Bratislava Castle is seen behind a bridge as it moves into postion over the Danube river in Slovakia's capital Bratislava.
Photographs: Petr Josek/Reuters

Bratislava

Country: Slovakia

Drop in rental prices in Q3 2013: 4.2 per cent

Overall rank in drop in Q3 2013: 8

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Slovakia Bratislava

Image: An aerial view of Marina Bay and Singapore's central business district.
Photographs: David Loh/Reuters

Singapore

Country: Singapore

Drop in rental prices in Q3 2013: 3.7 per cent

Overall rank in drop in Q3 2013: 9

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Singapore

Image: View of the Casa Poporului or House of the People, now the Parliament Palace, in downtown Bucharest, Romania.
Photographs: Bogdan Cristel/Reuters

Bucharest

Country: Romania

Drop in rental prices in Q3 2013: 3.5 per cent

Overall rank in drop in Q3 2013: 10

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Romania Bucharest

Image: A view of the Douro river and the old downtown of Oporto, Portugal.
Photographs: Reuters

Oporto

Country: Portugal

Drop in rental prices in Q3 2013: 3.4 per cent

Overall rank in drop in Q3 2013: 11

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Portugal

Image: People sit in a restaurant in Madrid's central Plaza Mayor, Spain.
Photographs: Andrea Comas/Reuters

Madrid

Country: Spain

Drop in rental prices in Q3 2013: 3.3 per cent

Overall rank in drop in Q3 2013: 12

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Madrid Spain

Image: A view of central Tel Aviv with the Mediterranean Sea in the background, Israel.
Photographs: Nir Elias/Reuters

Tel Aviv

Country: Israel

Drop in rental prices in Q3 2013: 3.1 per cent

Overall rank in drop in Q3 2013: 13

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Tel Aviv Israel

Image: A view of Paris, France.
Photographs: Charles Platiau/Reuters

Paris

Country: France

Drop in rental prices in Q3 2013: 3.1 per cent

Overall rank in drop in Q3 2013: 14

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France Paris

Image: A woman buys vegetables from a street vendor, who sits next to a graffiti related to the Pan-American Games, in Guadalajara, Mexico.
Photographs: Alejandro Acosta/Reuters

Guadalajara

Country: Mexico

Drop in rental prices in Q3 2013: 3.1 per cent

Overall rank in drop in Q3 2013: 15

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Mexico Guadalajara