Indian office sector records highest ever leasing and net absorption
According to the report, GLV across the top eight cities in Q4 stood at a towering 27.4msf, an 84% growth than the previous quarter and a healthy 48% growth y-o-y. Not only is this the highest quarterly gross lease volume ever, but it also beats the previous record high the volume of Q4-2019 by a significant 4.5 msf margin. More large deals gradually made a comeback after three-quarters of a quagmire as average deal sizes in Q4 jumped 37% as compared to the average deal sizes recorded in the last three quarters.
Source: indiatimes.com