Mumbai: Office space absorption and rental trends in the last few months in Mumbai has shown that though the absorption rate has gone up the rental rates have remained low in the city. This comes as no surprise as the absorption rate has actually increased due to the correction in rental rates.In Goregaon HRBC has leased 1.8 lakh sq ft at Nesco IT Park for Rs 95 per sq ft a month. The company has also leased another 70,000 sq ft of office space at the Indiabulls Financial Centre located in Elphinstone for Rs 120 per sq ft per month. At the same financial center the tax consultancy firm KPMG and an American FMCG company has also leased 1.5 lakh sq ft and 35,000 sq ft respectively for the same rental rate. Barclays has leased an office space of 1.8 lakh sq ft for its back office operations at the Nirlon Knowledge Park in Goregaon at the rental rate of Rs 95 per sq ft a month.Most of the major office deal in the recent months had been in the Lower Parel-Dabar belt. Rentals in Powai and Worli have been decreased by landlords to lure tenants. An oversupply of office space has also caused a fall in rental rates in the Andheri-Goregaon belt. In most of these places rentals have declined by 20-25% and in some cases the rate has fallen by around 70%.There is a supply of 9 million sq ft of office space in Mumbai. No new commercial buildings are coming up. But high rentals were keeping even the existent once empty. The landlords have come to realize that it is better to lease out the spaces at a reasonable rental rate than to ask for unreal rental rates and keep the spaces empty. All the while they also had to pay for maintenance charges. The fall in rental rates has boosted relocation and expansion of firms. займ на карту без отказов круглосуточновзять кредит онлайн