Office space absorption down 51% in 2020; Bengaluru, information technology show resilience
Office space absorption down 51% in 2020; Bengaluru, information technology show resilience SECTIONS Share Synopsis After a record high in 2019, overall office leasing in 2020 saw a drop of almost 51% as compared to the previous year. While office absorption in 2019 stood at 55.7 million sq ft and 57.7 million sq ft including pre-commitments, the previous year saw around 47.3 million sq ft, said international property consultancy firm Savills India. MUMBAI: Office space absorption across India’s six major cities in 2020 stood at 27.4 million sq ft, led by Bengaluru in regions and informatio...
Source: indiatimes.com