Office Space Absorption

37 per cent of the overall space leased across India during the quarter was by the IT and ITeS companies, followed by banking companies.

IT/ITeS firms continued to lead office transaction activity, accounting for about 54% of the deal closures.

Office space absorption rose 46 per cent to over 10.2 million square feet in the second quarter of 2016 on improved demand from corporates, according to property consultant CBRE.

Hyderabad saw a maximum increase of 55 per cent in net office space absorption in the January-June period among eight top cities on improving business climate in the city, according to realty consultant Cushman & Wakefield.

Backed by a positive economic sentiment and business confidence, office space absorption during the January-March quarter increased 11 per cent to 8.8 million square feet across nine major cities, a survey found.

Net office space absorption fell sharply by 44 per cent in Delhi-NCR during last year to 3.83 million sq ft as leasing transactions largely pertained to relocation, consolidation and renewals of spaces.

Office space absorption rose 17 per cent this year to 35 million square feet in seven major cities,mainly due to demand from IT/ITeS (IT-enabled services), e-commerce companies and start-ups, according to a report by property consultant JLL India.

Net absorption of office space is expected to be about 31 million square feet this year in the country's seven major cities as sentiments have improved in commercial real estate market, a study has said.

Office space absorption during the July-September period increased marginally to 10.6 million sq ft compared to the previous quarter, with Gurgaon witnessing the highest leasing activity, says a survey.

Ahmedabad witnessed the maximum surge in office space absorption as the city reported more than three-fold jump in leasing at 11,39,100 sq ft of area during January-September 2014 as against 3,56,590 sq ft in the same period last year, according to property consultant Cushman & Wakefield.

"Office space in Delhi NCR witnessed total take-up of 1.38 million sq. ft. in Q2, representing a decrease of 18 per cent q-o-q (quarter-on-quarter) but an increase of 11 per cent y-o-y (year-on-year)," DTZ said in its report 'Property Times Delhi NCR Q2 2014'.

"The quarter saw an approximately 26 per cent increase in quarter-on-quarter total office space absorption across these prime locations, from a little more than 6 million sq ft in Q1 2014 to nearly 8 million sq ft in Q2 2014 - signalling the generation of reasonable employment opportunities," CBRE said in a statement.

Office space absorption is likely to rise 7 per cent this year to 29 million square feet in India's seven major cities as corporates look at expanding businesses, according to a report by global real estate consultant DTZ.

37 per cent of the overall space leased across India during the quarter was by the IT and ITeS companies, followed by banking companies.

IT/ITeS firms continued to lead office transaction activity, accounting for about 54% of the deal closures.

Office space absorption rose 46 per cent to over 10.2 million square feet in the second quarter of 2016 on improved demand from corporates, according to property consultant CBRE.

Hyderabad saw a maximum increase of 55 per cent in net office space absorption in the January-June period among eight top cities on improving business climate in the city, according to realty consultant Cushman & Wakefield.

Backed by a positive economic sentiment and business confidence, office space absorption during the January-March quarter increased 11 per cent to 8.8 million square feet across nine major cities, a survey found.

Net office space absorption fell sharply by 44 per cent in Delhi-NCR during last year to 3.83 million sq ft as leasing transactions largely pertained to relocation, consolidation and renewals of spaces.

Office space absorption rose 17 per cent this year to 35 million square feet in seven major cities,mainly due to demand from IT/ITeS (IT-enabled services), e-commerce companies and start-ups, according to a report by property consultant JLL India.

Net absorption of office space is expected to be about 31 million square feet this year in the country's seven major cities as sentiments have improved in commercial real estate market, a study has said.

Office space absorption during the July-September period increased marginally to 10.6 million sq ft compared to the previous quarter, with Gurgaon witnessing the highest leasing activity, says a survey.

Ahmedabad witnessed the maximum surge in office space absorption as the city reported more than three-fold jump in leasing at 11,39,100 sq ft of area during January-September 2014 as against 3,56,590 sq ft in the same period last year, according to property consultant Cushman & Wakefield.

"Office space in Delhi NCR witnessed total take-up of 1.38 million sq. ft. in Q2, representing a decrease of 18 per cent q-o-q (quarter-on-quarter) but an increase of 11 per cent y-o-y (year-on-year)," DTZ said in its report 'Property Times Delhi NCR Q2 2014'.

"The quarter saw an approximately 26 per cent increase in quarter-on-quarter total office space absorption across these prime locations, from a little more than 6 million sq ft in Q1 2014 to nearly 8 million sq ft in Q2 2014 - signalling the generation of reasonable employment opportunities," CBRE said in a statement.

Office space absorption is likely to rise 7 per cent this year to 29 million square feet in India's seven major cities as corporates look at expanding businesses, according to a report by global real estate consultant DTZ.