Lower Parel office market 2026: rents, sizes and buildings

Offices for lease in Lower Parel ask a median ₹389 per sq ft of carpet area a month; most ask between ₹313 and ₹472, based on 95 offices listed on Real Estate Mumbai (as on 11 Nov 2026).

At the median asking rate of ₹389 per sq ft, a 1,000 sq ft (carpet) office in Lower Parel asks about ₹3.89 lakh a month, before deposit, maintenance and taxes.

The most listed size is 500–1,000 sq ft (28 offices, median rent ₹2.77 lakh a month). Sizes on offer: Up to 500 sq ft (6); 500–1,000 sq ft (28); 1,000–2,000 sq ft (23); 2,000–5,000 sq ft (21); 5,000 sq ft and above (17).

Offices for sale in Lower Parel ask a median ₹79,848 per sq ft (carpet), across 16 listings. These are asking prices, not registered sale prices.

At the median asking rent of ₹389 and asking price of ₹79,848 per sq ft, offices in Lower Parel show a gross yield of about 5.8% a year.

Marathon Futurex (23), Lodha Signet (16), Naman Midtown (15), Lodha Supremus (13), One Lodha Place (8) — offices for lease and sale combined, live on Real Estate Mumbai.

The median asking rent of offices listed in Lower Parel was ₹400 per sq ft a month in Apr 2026 and ₹373 in Nov 2026 (-7%).

Real Estate Mumbai lists 95 offices for lease and 16 for sale in Lower Parel, across 19 buildings, as on 11 Nov 2026.

Many former textile mill compounds in Lower Parel have been rebuilt as office towers and business parks, so it has large modern floor plates close to Worli and south Mumbai.

Lower Parel station is on the Western Railway suburban line and Prabhadevi station is nearby; Senapati Bapat Marg and Ganpatrao Kadam Marg run through it, and the Sea Link and Coastal Road are reached through Worli.