
Office absorption will reach a record level in 2022: Colliers
According to Colliers, a brand-new historic high is likely to close in 2022 after two years of gradually increasing demand for commercial offices, with gross absorption likely to reach 50 m sq toes. “This is likely to represent a 52% increase in overall leasing from the previous year. After a few years, tenants were confident in their needs for their future workplaces and began snatching up office space in the largest Indian cities. According to the research, Bangalore will likely account for 33% of the total ingestion, followed by Delhi-NCR and Hyderabad. Using this opportunity should result in increased profits for Indian citizens.… Read more