India's Office Leasing Market Shows Resilience Amidst Supply Constraints
· rediff.com
Net office space leasing in India's top eight cities declined by 20 per cent in the January-September period to 36.7 million sq ft, primarily due to limited fresh supply of quality workspaces and a high base effect from the previous year, according to a report by Cushman & Wakefield. Despite this, gross leasing saw a 1 per cent increase, reaching a record 64.6 million sq ft, indicating strong underlying market activity.
Despite a 20 per cent drop in net office leasing across India's top eight cities from January to September due to supply constraints, the market demonstrated re...