Office space demand for properties larger than 100,000 sq ft high: Report

NCR, Ahmedabad, and Mumbai witnessed higher demand for offices sized between 50,000 and 100,000 square feet

Transactions for office space real estate with a floor size of more than 100,000 square feet remained high in the calendar year 2022, international property consultancy, Knight Frank India said.
 

The release said, more than half (53 per cent) of the transactions made regarding office spaces were for properties larger than 100,000 square feet in Hyderabad. Hyderabad, Pune, and Bengaluru topped the list of cities in 100,000 sq. ft plus segment.

The figure was 53 per cent for Bengaluru.The majority of office space transactions in Kolkata (70 per cent) and Chennai (57 per cent) were for offices smaller than