| In the latest office market report from real estate consultancy Cushman and Wakefield, the first quarter of the 2012, noted absorption across top eight cities at 7.0 million sq.ft. registering a decline of 32% over last quarter and 6% over the same period last year. Mumbai, Kolkata, and Ahmedabad were the only markets showing a rise in absorption at 35%, 33.7% and 5.6% respectively.
In contrast to declining absorption levels there was a rise by 140% in pre-commitments compared to the previous quarter and by 41% compared to the same quarter last year...............................................Full Article: Source |