vacancy rates
Mumbai has topped the office space absorption across cities in Q3 of calendar 2012. Real estate consultancy Cushman & Wakefield reported that the total office space off-take was 2.23 million sqft (msf) in Q3, which has increased by more than 50 per cent over the previous quarter. Chennai was second with 1.32 msf in office [...] Continue Reading »
Retail demand in Hyderabad has remained stable in past couple of months. With vacancy remaining stable in the existing malls, retail real estate scenario is creeping up in the city. Some of the recent retail transactions have been KFC leasing space at Abids and Towlichowki, Kalaniketan leasing space at Kukatpally and Tanishq leasing space at [...] Continue Reading »
Hyderabad’s retail market is gradually expanding to suburbs and peripheral areas as demand for retail space grows in the suburbs. The retail activity is no longer confined to high streets. As the malls are almost fully occupied, leasing activity is slow in malls in CBD areas but vacancy rates and rents remained stable in existing [...] Continue Reading »
Jones Lang LaSalle has released its half yearly review of Indian office real estate. The findings of the first half of 2012(1H12) data reveals quiet activity during the period compared to 1H11. In 1H12, the top seven cities of India together recorded a 35 per cent dip in office absorption compared to 1H11. The shrinkage [...] Continue Reading »
The Bangalore real estate market has shown ample transactions in May, while vacancy rates plummeted due to stable demand amid limited fresh supply, according to a recent report by Jones Lang LaSalle (JLL) India. Axis Aerospace & Technologies leasing space in Vaswani Centropolis, KPMG leasing space in Salarpuria Hallmark 1 and Ericsson leasing in Umiya [...] Continue Reading »
