Published 1 year ago

Net Office Leasing Down 34% In Top 7 Indian Cities; Space Demand At 6-Quarter Low, Says Report

Summary by Ground News

Net office absorption across India's top seven cities has witnessed a decline touching a six-quarter low in the first quarter of 2023. The market, however, has shown resilience with the gross leasing activity across these cities recorded at 12.8 million sq ft during the quarter.Delhi NCR remained the top city in terms of net absorption for the second quarter in a row.

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News18 India

Net Office Leasing Down 34% In Top 7 Indian Cities; Space Demand At 6-Quarter Low, Says Report

Net leasing stood at 11.55 million square feet in the year-ago period across seven cities — Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad and Pune.

1 year ago·India

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Net Office Leasing Drops 34% To Six-Quarter Low Across Top 7 Cities: JLL India

Net leasing of office space fell 34% in the January-March quarter to 7.63 million square feet across seven major cities, as corporates were cautious on expansion amid global uncertainties, according to JLL India.The net leasing fell to the lowest in six quarters, as per the data by real estate consultant JLL India.Net leasing stood at 11.55 million square feet in the year-ago period across seven cities— Delhi-NCR, Mumbai, Chennai, Kolkata, Benga…

1 year ago

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The Economic Times

Top 7 Indian cities’ January-March net office leasing touches 6-quarter low

The share of leasing in the technology sector, the mainstay of the country’s office market, too has hit a six-quarter low due to slow hiring and global challenges impacting the overall numbers. Net absorption decreased 34% on-year and 4.5% sequentially to 7.63 million sq ft, showed data from JLL India.

1 year ago

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Net Office Leasing Down 34% In Top 7 Indian Cities; Space Demand At 6-Quarter Low, Says Report

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Net Office Leasing Down 34% In Top 7 Indian Cities; Space Demand At 6-Quarter Low, Says Report

Net Office Leasing Down 34% In Top 7 Indian Cities; Space Demand At 6-Quarter Low, Says Report

Net Office Leasing Drops 34% To Six-Quarter Low Across Top 7 Cities: JLL India

Net Office Leasing Drops 34% To Six-Quarter Low Across Top 7 Cities: JLL India

Top 7 Indian cities’ January-March net office leasing touches 6-quarter low

Top 7 Indian cities’ January-March net office leasing touches 6-quarter low

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