Good job Hyderabad with 50% drop in net office space absorption while other cities show rapid growth

[tollywood_hater]

 

 

 

 

e.g. Tata motors, Reliance MF

 

 

Office Space Absorption Rises 14% in Top Cities: JLL

 

By Rediff Money Desk, New Delhi

Oct 02, 2024 15:16

 

   

Net absorption of office space in India's top 7 cities surged 14% in Q3 2024, driven by strong demand. Bengaluru and Pune led the growth, while Hyderabad saw a decline. Learn more.

Photograph: Kind courtesy Cadeau Maestro from Pexels

New Delhi, Oct 2 (PTI) Net absorption of office space rose 14 per cent annually during July-September period across seven major cities on better demand, according to JLL.

Real estate consultant JLL's latest data showed that the net absorption of office space stood at 12.16 million square feet in the third quarter of this fiscal year as against 10.69 million square feet in the year-ago period.

Net absorption is calculated as the new floor space occupied less floor space vacated.

According to the data, the net absorption of office space in Bengaluru increased to 4.14 million square feet during July-September from 2.38 million square feet in the corresponding period of the previous year.

The net demand in Chennai grew to 1.05 million square feet from 0.90 million square feet.

Delhi saw net absorption of 1.92 million square feet as against 1.7 million square feet.

Net absorption of office space rose to 1.85 million square feet from 1.53 million square feet.

In Pune, the net office demand increased to 1.8 million square feet from 1.34 million square feet.

Net absorption of office space in Hyderabad declined to 1.26 million square feet from 2.70 million square feet.

[Anta Assamey]

Hyderabad lo work from Home chestunaru emo ...

[Pavanonline]

2 minutes ago, tollywood_hater said:

Net absorption of office space in Hyderabad declined to 1.26 million square feet from 2.70 million square feet.

 too much kada if true, there's no news of companies moving out 🤔

[JonSnowUSA]

Endi ra babu.. Revanth ga nv oka pedha lathkor ganivi ra.. Devudu manchi avakasham isthe nashanam chesukuntunnav.

[tollywood_hater]

1 minute ago, Pavanonline said:

 too much kada if true, there's no news of companies moving out 🤔

Already kayens and few other companies dropped plans to setup offices in Hyderabad and moved to Bangalore so the commit ayina office space empty , similarly many companies not adding workforce in Hyderabad emo as planned earlier. 

[Pavanonline]

38 minutes ago, tollywood_hater said:

Already kayens and few other companies dropped plans to setup offices in Hyderabad and moved to Bangalore so the commit ayina office space empty , similarly many companies not adding workforce in Hyderabad emo as planned earlier. 

hyderabad on auto pilot annaru mari janalu

[Android_Halwa]

More office space is being added, more is being built…Net available space added YoY chusthe telustadi…

Lavadala survey Quarterly basis anta….tamatalu alugaddalu ammetodu survey sesthe itlane vuntadi..

[psycontr]

1 hour ago, Pavanonline said:

 too much kada if true, there's no news of companies moving out 🤔

Google moved to AP