E-tailers slow down in leasing office space

A slowdown in the flow of easy money to e-commerce sector has started to impact the office market in Bengaluru. Online marketplaces, which led the office market growth in the IT city, accounting for a fourth of total space leased last year, have slowed down considerably. Going by the current indications, the leasing of office space by e-commerce players will be less than half of last year. In 2015, the e-commerce sector leased out around 3.2 million square feet out of 13 million sq ft. Although a couple of transactions have taken place during the first five months of this year, there have been no major transactions, according to industry analysts.

Read more: Financial Express