Commercial office space absorption growth trebles in a year
3.44 mn sq ft – increase in absorption by service providers
Net absorption in commercial office segment across India will exceed 39 mn sq ft by 2020 on the back of strong supply pipeline and stable vacancy levels, a JLL and Confederation of Indian Industry report said
3.44 mn sq ft – increase in absorption by service providers
1.11 mn sq ft – of co-working space was absorbed last year
38 to 45 mn sq ft – completion in the office market pan-India every year till 2020
13.7% – to 30 bps decline in vacancy in July-September quarter of this year
14% – growth recorded in the preceding quarter due to higher demand and lower completions
10% – rise in the share of co-working sector in total office leasing in the first nine months of 2018
4% – the figure a year ago
40-45% – of the demand for co-working space comes from corporates and large enterprises
21% – Mumbai’s share in total office leasing in co-working sector during January – September 2018
7% – the figure in the the corresponding period of last year