Bengaluru Office Market dull in Jul-Sep; Hyderabad shines with sharp jump in Demand-Supply
Bengaluru, Hyderabad and Chennai contributed 58 per cent to total office leasing and 70 per cent to new supply during Q3 of this calendar year.New Delhi, 20th November: India’s most prominent office market Bengaluru remained slow during the July-September period as office space gross leasing fell by 28 per cent year-on-year while new supply declined 25 per cent, according to Vestian.Real estate consultant Vestian expects office demand in Bengaluru to rise with large IT companies calling their staff back to office.Vestian has released its office market report for the third quarter of this calendar year, showing 21 per cent growth in office leasing and 26 per cent increase in new supply across top seven cities.As per the data, the absorption of office space in the July-Septem...
