Office space demand falling: RICS
The recent RICS Global Commercial Property Survey shows that the demand for office space in India has fallen in the April-June quarter of 2012.
The report reflects the general growing concerns about the domestic economy, which has seen downward spiraling in growth predictions, as well as weakening global climate.
The report states that demand from tenants was slightly down compared with the first three months of the year.
RICS also pointed out that there is probability of further upset property being released in the market over the next few months.
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Source: Economic Times
demand for commercial property, Demand for office spaces, Office space, Property Prices, Real estate in India, RICS Global, upset property
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