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India: Office space leasing falls 38pct in July-Sept

Posted on 19 October 2011

The leasing of office spaces fell 38 per cent in July-September at over 5 million sq ft in seven major Indian cities over the previous quarter due to the uncertain global economic environment, according to property consultant CB Richard Ellis (CBRE).
“Over 5 million sq.ft. of office space has been absorbed between July and September 2011 compared to 8 million sq ft in Q2, 2011,” CBRE said in a statement……………………………………….Full Article: Source


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