Office Space Absorption drops down in Delhi/NCR

Delhi/NCR is one of the most important markets when it comes to office spaces and other types of commercial real estate. However, according to a report by Cushman & Wakefield, the office absorption in the market has come down by 57% in the first quarter of 2015. the corporates. Experts suggest that this decline has been due to the delay in decision making by

Office Space Absorption drops down in Delhi NCRBut since the demand is still strong, it seems like that the office absorption is going to get a push in the north direction in the coming quarters. Except for the market of NCR, the office space absorption in other cities like Bengaluru, Chennai and Hyderabad has seen an upward trend of up to 35 percent. The highest demand has come from the IT/ITES sector. [Read more…]