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Top Indian cities absorb 38 mn sq ft office space, highest in 5 years

Absorption rate is 18% higher than the previous year; annual office demand was led by Bengaluru with 32% share of total absorption across leading cities

Top 7 cities absorb 38 m sq ft prime office space in 2015: Report

The country’s top seven cities absorbed 38 million sq ft of prime office space last year, the highest till date, says a new study. The absorption in 2015 is 18 per cent higher than the previous year. The annual office demand was led by Bengaluru with a 32 per cent share of the total absorption across leading cities during the year, followed by the National Capital Region  with a 23 per cent share. Suburban and peripheral office districts of major cities attracted steady occupier demand in the fourth quarter of 2015. Prominent micro-markets included Gurgaon in ...