Office space vacancy levels dips to 8% in Hyderabad

Vacancy levels in Grade-A office segment in Hyderabad has dropped by 200 basis points from last year due to space take up by technology majors such as Amazon, Google, Deloitte and JP Morgan, among others, said a property consultant. “The vacancy levels dropped to 8 per cent in the first quarter of 2016 from 10 per cent in the corresponding period of 2015. This comes on the back of IT, digital and e-commerce companies announcing huge investment in Hyderabad. Commercial leasing and absorption of Grade-A commercial spaces in Hyderabad has picked up in the same range to 1.2 million square feet ,”said A. Shankar, national director-strategic consulting and head- urban solutions.

Read more: Economic Times