With the demand for office space increasing, the average commercial real estate supply in top Indian cities is expected to be at 40-45 million sq ft per year until 2020, says a new report.
The report, ‘Commercial Office Real Estate: Positive Disruptions- Beacons of Change’, was released here on Thursday by Cushman & Wakefield. It states that the next two years are likely to witness an increase in investments into the office sector as new investment grade projects come into supply.
Co-working spaces continue to gain pace with foreign entrants eyeing a pie of the market potential. While Bengaluru, Delhi-NCR and Mumbai see the highest concentration of co-working spaces, Hyderabad, Chennai and Pune, too, are growing, the report noted.
Read more: The New Indian Express