Office space leasing shows 5% rise in city
Swati Bharadwaj Chand, TNN Jul 5, 2012, 12.19AM IST
A study by global real
estate consultancy firm Cushman & Wakefield has found that office space
absorption in Hyderabad grew 5% at a time when the overall office space absorption
across top eight cities of the country plummeted 21% to 13.4 million sft as
compared to 16.9 million sft in the first half of 2011. This steep drop in
office space absorption for the January-June 2012 period was led by top IT/ITeS
hubs of Bangalore, NCR, Chennai and Pune, while office space
absorption went up in cities like Hyderabad, Mumbai, Kolkata and Ahmedabad
during the same period thanks to demand for office space.
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