Office leasing for all grades of buildings down 25% in Aug annually: Report ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 20
The total leasing of office space for all grades of buildings fell 25 per cent in August across seven major cities to 3.9 million square feet as against same month last year on lower demand, according to property consultant JLL India. The aggregate office market leasing activities refer to transactions for all grades or types of buildings in the top 7 cities (Delhi-NCR, Mumbai, Bengaluru, Chennai, Hyderabad, Pune and Kolkata). The data includes confirmed pre-commitments and term renewals. Deals in the discussion stage are not included. Total office leasing activities stood at 5.2 million square feet in August 2021. "Overall market traction was slower in the month of August 2022, down by 25

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