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Mumbai: Demand for office spaces drops across city

Posted on 12 November 2010

From Hindustantimes.com: While demand for residential property in Mumbai continues to rise, there has been a steady decline in the demand for office space across the metropolis. The reason being that supply of office space has outstripped the demand, and also companies are being very cautious about the price factor of lease rentals.
A quarterly report published by Cushman and Wakefield, a leading real estate consultancy firm, has found out that the total demand for office space in Mumbai stood at 15 lakh sq ft between July and September, which is 13.6% less as compared to the demand from April to June, when it was 17.35 lakh sq ft……………………………………….Full Article: Source


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