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Real estate: Commercial office space absorption growth trebles in a year
- Written by ZeeBiz WebTeam
Published: Zee Business| Updated: Zee Business
Net absorption in commercial office segment across India will exceed 39 mn sq feet by 2020 on the back of strong supply pipeline and stable vacancy levels, a JLL and Confederation of Indian industry report said
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Service providers
1/103.44 mn sq ft: increase in absorption by service providers. (Pixabay)
2/10
Space absorbed last year
2/101.11 mn sq ft: of co-working space was absorbed last year. (Pixabay)
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Office market till 2020
3/1038 to 45 mn sq ft: completion in the office market pan-India every year till 2020. (Pixabay)
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Vacancy in July-September
4/1013.7%: to 30 bps decline in vacancy in the July-September quarter of this year. (Pixabay)
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Growth in last quarter
5/1014%: growth recorded in the preceding quarter due to higher demand and lower completions. (Pixabay)
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Co-working sector
6/1010%: rise in the share of coworking sector in total office leasing in the first nine months of 2018. (Pixabay)
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Figure in 2017
7/104%: the figure a year ago. (Pixabay)
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Same period, last year
8/107%: the figure in the corresponding period of last year. (Pixabay)
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Mumbai's share
9/1021%: Mumbai's share in total office leasing in co-working sector during January-September 2018. (Pixabay)
10/10
Demand for co-working space
10/1040-45%: of demand for co-working space comes from corporates and large enterprises. (Pixabay)
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