{"id":27174,"date":"2013-11-12T11:17:44","date_gmt":"2013-11-12T05:47:44","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=27174"},"modified":"2020-06-15T03:32:07","modified_gmt":"2020-06-14T22:02:07","slug":"27174-office-space-absorption-drops-37-ahmedabad","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/27174-office-space-absorption-drops-37-ahmedabad\/","title":{"rendered":"Office Space Absorption Drops by 37% in Ahmedabad"},"content":{"rendered":"

\"office-space\"<\/a>As per the third quarter report presented by a well known property consultant, the net office space absorption across Ahmedabad has been reduced by 37% as compared to the last year\u2019s same quarter. After National Capital Region (NCR) and Kolkata which saw a drop of 41% in office space demand, Ahmedabad is the second-highest city in our country to witness such a downturn. According to the report, the office space here belong to Grade A space that comprises of areas such as Prahladnagar, Ashram Road, SG Road, CG Road and Satellite.The report further added that during the third quarter, Ahmedabad saw a net absorption of nearly 86,000 sq ft of Grade A space while compared to the previous quarter there has been a marginal increase of 6%. Out of the 86,000 sq ft office space most of the space was occupied in major business blocks like Sarkhej-Gandhinagar Highway.Even though the leasing option saw a positive trend, the rentals on the whole have declined for past 6 months. Various sectors that have contributed in leasing office space are manufacturing sector which took up 38% of space, 35% of space is occupied by banking, financial services and insurance industries while the aviation segment saw a total absorption of 27%.As per the report, the developers should understand the fact that mixed commercial spaces that comprise of retail outlets or residential units are not preferred as Grade A office spaces are in more demand.The report also suggests that approximately 1.1 million sq ft of Grade A space will be set-up till December mainly across Gandhinagar areas and SG Highway.\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":"

As per the third quarter report presented by a well known property consultant, the net office space absorption across Ahmedabad has been reduced by 37% as compared to the last year\u2019s same quarter. After National Capital Region (NCR) and Kolkata which saw a drop of 41% in office space demand, Ahmedabad is the second-highest city […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-27174","post","type-post","status-publish","format-standard","hentry","category-realty-news"],"blocksy_meta":[],"yoast_head":"\nOffice Space Absorption Drops by 37% in Ahmedabad -<\/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\/27174-office-space-absorption-drops-37-ahmedabad\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Office Space Absorption Drops by 37% in Ahmedabad -\" \/>\n<meta property=\"og:description\" content=\"As per the third quarter report presented by a well known property consultant, the net office space absorption across Ahmedabad has been reduced by 37% as compared to the last year\u2019s same quarter. 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