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India: Office market to see over supply between 2012 and 2016: Cushman & Wakefield

Posted on 12 October 2012

Global real estate consultant, Cushman & Wakefield’s estimates commercial office space demand of over 180 million square feet (msf) in the next five years in the top 8 cities of the country.
The highest demand will be recorded in Mumbai with an estimated 44 msf over the next few five years followed by Bengaluru (31 msf) and NCR (27.8 msf). The top three cities will constitute approximately 57% of the total office space demand. Ahmedabad will record the lowest office demand of approximately 7.8 msf in the next five years, while Kolkata will be finish one but last with demand of 8.4 msf………………………………………..Full Article: Source

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