Global slowdown could dent office space demand in H1 2023 after strong 2022

Demand from domestic companies will, however, lend stability to the market

Office space
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Before investing in commercial real estate, investors must take a number of factors into consideration

Sarbajeet K Sen New Delhi
India’s commercial real estate (office segment) market shrugged off the two-year long Covid-induced downturn and bounced back strongly in 2022. According to a recent report from JLL, the net absorption of office space in 2022 across the top seven cities (Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Kolkata and Pune) has been 38.25 million square feet (sq ft). In the past decade, net absorption was higher only in 2019.

High-net-worth individuals with large sums to deploy should consider adding office space to their investment portfolio.

Driven by GDP growth

India emerged as one of the world’s fastest-growing economies in 2022. Its growth

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First Published: Dec 30 2022 | 4:58 PM IST

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