Mumbai has been rightfully dubbed as the ‘city of dreams’ with millions of migrants migrating to the metropolis every year. It hardly comes as any surprise that commercial properties for rent in Mumbai are highly in demand as the real estate in this cosmopolitan city is very lucrative.
Commercial property investments are known to be extremely rewarding thanks to their high rental yields as well as capital appreciation. Mumbai is a greatly popular destination to rent commercial space as well as to buy properties. It’s particularly famous thanks to its status of being the nation’s financial capital, thereby providing a plethora of business opportunities across diverse industries. Thanks to a well-rounded and well-developed infrastructure, smooth connectivity, and a big consumer base, Mumbai presents the perfect environment to rent commercial space as well as grow your business.
If you’re looking to rent commercial space in Mumbai, you will be inundated with numerous options as there are several localities that are worth considering.
Here are a couple of locations in Mumbai that are worth considering:
Top Locations for Commercial Properties for Rent in Mumbai
Mumbai has a number of great locations that can serve well for several business requirements. These locations deliver prime business environments, great connectivity, and a host of amenities.
Let’s take a look at some of the locations that where you can rent commercial space:
Andheri:
Andheri is a leading location when it comes to commercial properties for rent in Mumbai. It offers great connectivity, especially with the proximity to both domestic as well as international airports, thereby making it convenient for businesses that require frequent traveling. Majority of the buildings showcase modern amenities like high-speed internet connectivity, power backup, elevators, security systems, and sprawling common areas. Andheri delivers plenty of scope for businesses to increase their operations. Thanks to available land and flexible zoning regulations, firms can effortlessly increase their facilities to make room for further growth.
A few of the best areas in Andheri are MIDC, Chakala, Chandivali, Saki Naka, Lokhandwala and so forth. Being a bustling premium area, the commercial property rental rate is extremely high with the average rental rate being approximately 1.4 lakhs INR for 1,000 sq. feet. Andheri is a great place to rent commercial space in Mumbai.
BKC
Bandra Kurla Complex (BKC) is an incredible destination for commercial properties for rent in Mumbai. It enjoys seamless connectivity, both within Mumbai as well as to other parts of MMR. It is well-connected to significant roadways, like the Western Express Highway and the Eastern Express Highway. BKC has always been a commercial destination that has been highly sought-after, thereby drawling an extensive array of businesses, including multinational companies, financial institutions and luxury brands. In BKC, you can rent commercial space of 1000 sq. ft. anywhere between 1.4 lakhs INR to 3 lakhs INR.
Lower Parel
When you’re thinking about locations that offer great commercial properties for rent in Mumbai, Lower Parel is one such place that has emerged as a top location. It provides modern office spaces, commercial complexes as well as an extensive array of amenities. The destination has observed a significant commercial development and is renowned for media companies, startups and corporate offices. The strategic location, seamless connectivity and proximity to residential areas make it a great choice for businesses. For a commercial property of 822 sq.ft in Lower Parel, the rental average is 3.45 lakhs INR.
In a nutshell, these are the top 3 locations for commercial properties for rent in Mumbai. You can check out FloorTap for an extensive array of properties to rent commercial space in the city.
