Leased Retail Space,CBD,Bangalore
Strategically located in the heart of the city on 60ft road with excellent connectivity within the city's high-end localities,this place has become the corner stone for the client's brand. The lease is recently renewed at higher rental and the lock in available is for another 5 years.
This retail space is at a distance of approx 1 km from Trinity church/M.G Road Junction. This retail point has multiple connectivity to the affluent residential and commercial hubs of Lavelle Road,M.G.Road, Koramangala, Indiranagar, Ulsoor,Cambridge layout, Langford road and Cunningham-Miller road belt.
Bengaluru ranked second on the Kearney retail index,overtaking Mumbai in the 2021 edition of the report. Bengaluru's brand penetration per capita is higher when compared to Mumbai making it attractive for retailers. Despite a lower popoulation,Bangalore has a higher per capita income and much higher level of spending and consumption.
No new supply is expected in the vicinity resulting in restricted supply scenario to continue as of now. The rentals are expected to rise after the wait and watch mode is over in another two quarters.