Gross office space leasing up 25% in 2019 in 9 major cities: Report

Bengaluru, followed by Hyderabad, National Capital Region (NCR) and Mumbai dominated office leasing on an annual basis, accounting for almost 75 per cent of the overall leasing of office space

Gross leasing of office space increased by 25 per cent to an all-time high of 61.6 million sq ft across nine major cities during last year on better supply and demand conditions, according to property consultant CBRE.

Earlier, Knight Frank India reported 27 per cent jump in office space leasing in 2019 at record 60.6 million square feet gross across eight cities, while JLL India had said that net office space leasing rose by 40 per cent last year across seven major cities to an all-time high of 46.5 million sq ft.

"The office sector remained buoyant in 2019, driven by demand