Live Markets »News & Advice»Market News»Market News Details
Market News Details
Back

Commercial leasing on a roll, rises 58% to 24-mn square feet in H1 of 2018

BS Reporter/ 09 Aug 18 | 10:40 PM

Representative Image

Office space absorption jumped 58 per cent in the first half of this calendar year to 24-million square feet with cities like Mumbai, Bengaluru and Delhi-National Capital Region taking the lead. Overall absorption during the first half of 2017 stood at 15.18 million square feet in the commercial real estate space.

Related Stories

    No Related Stories Found
Widgets Magazine


A report titled 'India's Real Estate Milestones - A 20-year narrative', which was brought out by the Confederation of Indian Industry (CII) and property consultancy JLL India said companies leased 8 million square feet more space in the first half of 2018.


Momentum in the leasing activity was primarily driven by demand from large technology companies, co-working, financial services and global in-house data centres, which was a reflection of the current economic environment.

ALSO READ: Bengaluru market sees uptick in office space absorption, grows 6.5% in 2018


"Occupiers are not only inclined towards space take-up as part of their consolidation or relocation plans but are also geared up towards expansion-driven space strategy which is a pointer towards an upswing in the business cycle," the report said.

Widgets Magazine

Sensex

Company Price Gain (%)
Axis Bank616.201.80
Hind. Unilever1,752.601.14
ICICI Bank328.701.06
Wipro285.601.03
Yes Bank374.750.98

Poll

Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine