Leasable Ratio Per each Grade office in CBD
It could be said thst just Kian Tower is a standard grade A whose renting fee is above USD 60, while average renting fee for office area in grade B located in CBDs is about 30-40 USD per sqm. This rate is about USD 20 per sqm for Grade C office area located in CBDs
National Bonds rate in 2016 is about 20%, while 2 years ago it was 22%. Generally in recent years, interest in bonds was decreasing despite last decade, mainly because of high rate of inflation and bank interest rates.
We could not find any major transaction, however it is heard that British Petroleum (BP) wants to come back to its previous office in Sayeh Tower.
Beside so many office buildings which belong to Companies, there are more than 200,000 sqm office area in 27 buildings with gross floor area more than 850,000 sqm. Meanwhile there are more than 60 main office building with gross floor area of 3,000,000 sqm and about 600,000 sqm office area
Parking Lot Revenue
Tehran Municipality publishes official fee for public parking lots. However private towers and commercial centers don’t always follow these fees. Private parking is 3-5 times more than publics in average, USD 1.5 per hour.
Average office construction cost (per sqm)
Current construction cost for office building beside land cost is about USD 500-900, depending on quality and region. This average for the whole country is about USD 350.
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