Office space leasing has picked up in the third quarter (Q3) of this year (CY20). The absorption of commercial office space rose 64% in Q3 of CY20 versus Q2, as per JLL India. The Q3 office rebound growth was led by Bengaluru and Hyderabad, which together accounted for nearly 80% of the net absorption in Q3.
On a yearly basis, the absorption of space has fallen 50% from 10 million sq ft in Q3CY19 to 5.4 million sq ft in Q3CY20
More Info: The Business Standard
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