Office space absorption: Chennai only city in top 8 to see growth this year

In January-September 2017, registers 60% increase in net absorption of office space when compared with the same period a year earlier

Among the top eight cities in India, only Chennai reported a rise in net absorption of office space, with a 60 per cent jump for the January to September period.

According to the latest market report by Cushman and Wakefield, unlike Chennai, the rest top seven cities registered a decline in net office space absorption. Hinting at rising vacancy levels in office space, cities like Ahmedabad, Bengaluru and Kolkata saw steepest fall in net absorption at 37 per cent, 17 per cent and 15 per cent, respectively, for the said period. 

In all, net office space absorption in the top eight cities