{"id":24982,"date":"2013-10-10T12:20:18","date_gmt":"2013-10-10T06:50:18","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=24982"},"modified":"2020-06-15T03:36:45","modified_gmt":"2020-06-14T22:06:45","slug":"24982-office-space-absorption-declined-in-top-metro-cities","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/24982-office-space-absorption-declined-in-top-metro-cities\/","title":{"rendered":"Office Space Absorption Declined in Top Metro Cities"},"content":{"rendered":"

\"office-space-absorpotion\"Mumbai: <\/b>CBRE has recently released its report named as India Office Market View Q3 2013. According to the report, office space absorption in the top cities of the country has been declined by about 14 per cent quarter on quarter. The current quarter registered absorption of about 6 million sq ft where as it was 7 million sq ft in the previous quarter.The corporate sector of the country remained cautious due to the economic slowdown across the country. Demand in the commercial sector has also been weakened in most of the top real estate markets of the country. The leasing activities in the major city markets were observed in the small and medium sized office spaces. The major giants of the commercial office spaces observed to be reducing their office spaces due to the sluggish market scenarios.The economic slowdown has highly influenced the sentiments of commercial property buyers. The transactions in the commercial market were highly dominated by the National Capital Region (NCR)<\/a>, Mumbai and Bangalore which observed highest office space transactions.The highest affecting factors in the dropdown of the country\u2019s office market are sluggish global economy, drop in India\u2019s GDP growth, volatile currency and high interest rates. These factors have majorly declined the office space absorptions in the country\u2019s top commercial real estate markets. About 3 million sq ft of office space was completed in the present quarter of the year which was comparatively dropped by about 76 per cent from 10 million sq ft of the preceding year.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/b>\u0437\u0430\u0439\u043c \u043d\u0430 \u043a\u0430\u0440\u0442\u0443 \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u043e\u0432 \u043a\u0440\u0443\u0433\u043b\u043e\u0441\u0443\u0442\u043e\u0447\u043d\u043e<\/a>\u0432\u0437\u044f\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442 \u043e\u043d\u043b\u0430\u0439\u043d<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Mumbai: CBRE has recently released its report named as India Office Market View Q3 2013. According to the report, office space absorption in the top cities of the country has been declined by about 14 per cent quarter on quarter. The current quarter registered absorption of about 6 million sq ft where as it was […]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-24982","post","type-post","status-publish","format-standard","hentry","category-realty-news"],"blocksy_meta":[],"yoast_head":"\nOffice Space Absorption Declined in Top Metro Cities -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bharatestates.com\/blog\/24982-office-space-absorption-declined-in-top-metro-cities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Office Space Absorption Declined in Top Metro Cities -\" \/>\n<meta property=\"og:description\" content=\"Mumbai: CBRE has recently released its report named as India Office Market View Q3 2013. 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