Aided by tech corporates, office space leasing rose marginally in the last quarter, even as leasing more than halved in Bengaluru during the period, according to property consultant
12.8 mn sq ft – office space leasing in nine major cities during Jan-Mar period
12.6 mn sq ft – office space leasing during Jan-Mar 2018
33% – of the total office space leased was accounted for tech corporates
16% – of total office space leased was used by co-working operators
3.5 mn sq ft – office space leasing in Hyderabad from 1.1 mn sq ft a year ago
Office space leasing more than halved to 2.5 mn sq ft in Bengaluru
2.1 mn sq ft – office space leasing rose to in Mumbai
While interest from American corporates is expected to sustain, we anticipate that India's position as a preferred outsourcing destination would continue to attract corporates from other geographies such as EMEA and APAC,"
— Anshuman Magazine, chairman and CEO of South East Asia, Middle East and Africa, CBRE
