Top 7 CRE markets in India recorded leasing activity of 26 msf in the first half of 2017 compared to 24.5 msf during the same time last year.
Gross Absorption for Chennai and Noida more than doubled in H1 2017 compared to H1 2016.
Hyderabad also witnessed a sizeable growth in leasing activity in H1 2017 compared to the same period last year.
Whilst Mumbai maintained similar absorption levels compared to last year in the first six months of 2017, Bangalore, Pune and Gurgaon saw a decline during the period in y-o-y comparison. For Bangalore and Pune, the decline could be attributed to current lack of availability of quality vacant spaces in the market due to lower vacancy levels.
*Grade A office data only
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