Page 3 - Office Space Leasing
Office space leasing drops 7% in 2017 to 30.57 mn sq ft: C&W report
Despite a global economic slowdown, the country's commercial real estate saw a net absorption of nearly 30.57 million sq ft of office space in top eight cities in 2017 indicating growing investor confidence in India's growth story, according to a survey. According to the survey by Cushman & Wakefield, the net absorption of office space in 2017 dropped by seven per cent to 30.57 million sq ft as compared to 32.85 million sqft last year. The total supply also dropped by 11 per cent this year to 32.20 million sq ft as against 36.34 million sq ft in 2016. "Office leasing trends have been positive in the second half of 2017 as global and national uncertainties settled. By the second half, it was clear that impact of events such as Brexit, US Fed rates revisions, GST implementations and RERA, were going to be minimum on growth of commercial real estate sector of the country," Cushman & Wakefield country head and MD, India Anshul Jain said. Even while the GDP growth ...
 "Office space leasing drops 7% in 2017 to 30.57 mn sq ft: C&W report")
Real estate demand slowdown: Office space leasing down 7% in Jan-Sep
Net absorption of office space stood at 19.63 million sq ft during January-September of 2016
 "Real estate demand slowdown: Office space leasing down 7% in Jan-Sep")
Chennai, Hyderabad office leasing volumes rise
Leasing volumes jumped over 2.5 times in Chennai in H12017 at 4.30 million sq ft
Leased office space in top 8 cities up 28% to 10 mn sq ft in Q1: CBRE
Report tracks 8 cities - Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Pune, Hyderabad and Kochi
 "Leased office space in top 8 cities up 28% to 10 mn sq ft in Q1: CBRE")
