{"id":1440,"date":"2017-03-27T18:31:32","date_gmt":"2017-03-27T13:01:32","guid":{"rendered":"https:\/\/www.propstack.com\/news\/?p=1440"},"modified":"2017-03-27T18:31:32","modified_gmt":"2017-03-27T13:01:32","slug":"bengaluru-set-to-absorb-11-million-sq-ft-of-office-space-in-2017","status":"publish","type":"post","link":"https:\/\/www.propstack.com\/news\/bengaluru-set-to-absorb-11-million-sq-ft-of-office-space-in-2017\/","title":{"rendered":"Bengaluru set to absorb 11 million sq ft of office space in 2017"},"content":{"rendered":"<p>In 2017, nearly 11.1 million sq. ft. of office supply will be completed in Bangalore, 50% of which will be concentrated in the ORR belt with the remainder of the supply to be spread across Whitefield, North Bengaluru and Electronic City, said a recent report by Colliers international.<\/p>\n<p>Although the future supply pipeline looks substantial in most micro markets, steady occupier demand and absorption of pre-committed space should keep vacancy levels low.<\/p>\n<p>&#8220;Overall, strong demand fundamentals coupled with evolving transparency in the real estate sector should stimulate investors\u2019 interest and provide further support to the already strong o ce leasing market in Bengaluru,&#8221; said the report.<\/p>\n<p>The report mentioned government initiatives to expedite metro construction in ORR and Whitefield should also reinstate occupier confidence in these micro markets, the report stated.<\/p>\n<p>&nbsp;<\/p>\n<p>Read more:\u00a0<a href=\"http:\/\/realty.economictimes.indiatimes.com\/news\/commercial\/bengaluru-set-to-absorb-11-million-sq-ft-of-office-space-in-2017-report\/57810728\" target=\"_blank\">The Economic Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2017, nearly 11.1 million sq. ft. of office supply will be completed in Bangalore, 50% of which will be concentrated in the ORR belt with the remainder of the supply to be spread across Whitefield, North Bengaluru and Electronic City, said a recent report by Colliers international. Although the future supply pipeline looks substantial\u2026 <span class=\"read-more\"><a href=\"https:\/\/www.propstack.com\/news\/bengaluru-set-to-absorb-11-million-sq-ft-of-office-space-in-2017\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,2],"tags":[98,104],"class_list":["post-1440","post","type-post","status-publish","format-standard","hentry","category-bangalore","category-city","tag-absorption","tag-office-space"],"_links":{"self":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/comments?post=1440"}],"version-history":[{"count":1,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1440\/revisions"}],"predecessor-version":[{"id":1441,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1440\/revisions\/1441"}],"wp:attachment":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/media?parent=1440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/categories?post=1440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/tags?post=1440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}