Office leasing inches up in Bangalore
The office space market in Bangalore witnessed a moderate leasing activity during September as against August this year. IT/ITeS sector continued to account for majority of the leasing in the city.
The city has witnessed stable demand and restricted supply in the month. As a result, the overall vacancy rate has been low during the month and it inched up the rents across the Central Business District (CBD) and Secondary Business District (SBD) submarkets.
Some of the major firms that leased space in September were: Altran India, Xentrix, IMS Healthcare, PMC Sierra, Time Magazine, Quest Software, Honeywell, SS&C Technologies, Mars Telicom, Indecomm, Net Crackers, Monsanto, Q Logic, Citrix and FlowServe.
Bangalore, central business district (CBD), Demand for office spaces, Honeywell, IMS Healthcare, Indecomm, Leasing, Mars Telicom, office space in Bangalore, office space leasing, PMC Sierra, Quest Software, SS&C Technologies, Time Magazine
