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India Office MarketBeat: Gross Leasing in Q1 2020

27/04/2020

30% GROWTH Y-O-Y IN GROSS LEASING; COVID-19 IMPACT FELT Q-O-Q; BENGALURU SHOWS LEAST IMPACT OF COVID-19

 

  • 16.75 msf gross leasing volume in Q1 2020, 30% higher y-o-y
  • Delhi NCR, Bengaluru and Mumbai were the most active markets with 25.0%, 22.3% and 18.5% shares in gross leasing volumes in this quarter
  • The net absorption in Q1 2020 stands at 7.40 msf, which is lower by 22.6% on a quarterly basis
  • IT-BPM sector has maximum share with 32.0% share in overall leasing followed by Captive centres (GCCs) with 15.8% share and flex workspaces with 13.5% share.

 

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