Office space for rent in Andheri Kurla Road,Mumbai.

Copyright © 2017 RentOfficeSpace.in: Mumbai Maharashtra @ Call + 91 8108098760 | 8080258333Article & News Andheri East MOVES UP - MANY RUNGS IN Office Space MARKET And this trend has been seen for very many reasons. One of the direct impact of lower vacancy and a cut in Office Space supply has meant that the lease take-ups have shown an uptick. And the inability of the markets to find any recouRse to lower supply or the vacancies means that this trend will continue for a long time to come. At the same time Andheri East has also witnessed the maximum number of lease transaction in the recent past.  One of the reasons could be the benefit that Andheri East has received from the newly built metro rail service that has cut down commuting for employees to the lowest possible in the city .The coming of the efficient metro rail has also meant that the unidirectional flow of large number of people to their Offices in south Mumbai in the morning and the reveRse flow in the evening was broken. Corporates, both Indian and multinational, have taken advantage of the newly sprung up Office Space which are not only modern but also accessible from all parts of Mumbai .The trend amongst multinationals who have set up base in Mumbai is an interesting study in itself. Companies like Procter & Gamble and Hindustan Unilever have their headquarteRs in Andheri East which tells so much about the preference of Andheri East after all the due diligence of the region by international majoRs.The weighted average quoted base rental for Grade A Office Space in Andheri is in the range of Rs 125-150 psfmonth, while BKC hoveRs around Rs 250-300 psfmonth and Lower Parel sees an average quoted base rent of Rs 160-180 psfmonth, according to Gautam Saraf. In spite of the growing demand for Grade A Office Space in Andheri East there are very few offerings in the area for multinationals.“One of the key reasons why MNC's see a dearth of quality Space is that many of the commercial constructions in Andheri East Offices are strata sold which makes leasing a challenge. Even while large Space may be available, companies, both MNC's and Indian corporates alike, prefer to deal with single landlord rather than a consortium of them. In Mumbai , there are many Office Space that have multiple landlords, making such properties less attractive“, Gautam Saraf explained .Connectivity has always been the biggest draw  for Office Space development because the convenience of travel tells on the performance of Office occupieRs. The access to the international airport being a big attraction for professionals who have to travel quickly in and out of the city is one big advantage in Andheri East . “I dread to think how I will spend two houRs by road during peak houRs to travel to the airport if my Office was in Nariman Point or Navi Mumbai ,“ said a logistic company owner when describing how he spent his day at the Office at JB Nagar, while adding that the way his business has grown unexpectedly quickly in the last three yeaRs can be attributed to the location of his Office. There is also another aspect of how commercial real estate performs in areas like Andheri East which has seen tectonic changes in the last one decade. If the metro rail was a clincher for many corporates to consider coming to Andheri East , there is also another point of view regarding connectivity that needs mention here. “Many people have expressed their dismay at the stark difference in comfort while travelling by metro rail and the Mumbai suburban rail every evening. They are planning to buy homes in the Ghatkopar-VeRsova stretch to take advantage of metro rail for travel every day and save consid erable time travelling“, said a real estate broker from Ghatkopar ,