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Bangalore office space market saw 28% fall in July-Sep, says real estate consultant Vestian

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Summary
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73% Informative

Bengaluru off 28% space market was affected Q3 ur Vestian -Sep period as gross leasi Bengaluru kspace fel 25% 8 year-on-year ice 2.7 million square feet lined Bengaluru on-year to 2.7 million square feet.

IT- Jul-Sep ctor dominated leasing during the July-Sept 28% er period with 25% share. 25% a year-on-year maryFeed_highLightText__NxlGi">Q3 2023 Vestian Te Vestian Gi"> Monday pan> India t__NxlG seven % the third quarter yFeed_highLightText__NxlGi" Bengaluru , Manufacturing & Engineering 28% a year-on-year mary 3.6 million square feet Gi">the September quarter 2023 /span> 5 million square feet yFee the year-ago ext__NxlGi">20% Bengaluru yFeed_high 25% h year-on-year ">BF 2.7 million square feet "s Vestian eed_highLightText__NxlGi"> Bengaluru > July-September seven ightText_ Vestian >The IT-ITeS 21% htTe 15.9 million square feet an> Jul-Sep c this year maryFe 13.11 million square feet Rao< the year-ago n class="summaryFeed Bengaluru tText__NxlGi six he third quarterDelhi-NCR pa Mumbai s= Chennai yF Kolkata hL Pune and Hyderabad .7 m 26% ion square feet seven ghtText__Nx 13.4 million square feet an class the quarter ed_highLightText__NxlGi">the year-agoShrinivas Rao ass="su Vestian ed_highLight Q3 2023 xlGi"> Indian illion square feet July-September 0.2 milli five-quarter et Kolkata 1.9 million square feet 73% India ="s Rao aryFeed_highLightTe Vestian Gi">Pune Delhi-NCR xt__Nx 14% ">0. 3 million square feet July-September summar 3.5 million square feet lGi" the year-ago square feet NCR ryFeed_hi 82% ight 0.5 million square feet the September quarter hLightText__NxlGi">0.9 million square feetChennai pan cl 82% ="su 2 million square feet xt__Nx 1.1 million square feet class="summaryFeed_highLightTex the previous year /span> Chennai yFeed_hi 71% ight 1.2 million square feet n squ Hyderabad /span> nearly 4-fold lGi" 3.7 million square feet t1 million square feet aryFeed_highLigh Hyderabad lGi">21% 175% an> 5.5 million square feet ed_highLightText__NxlGi">Mumbai

VR Score

86

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95

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83

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formal

Language

English

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38

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short-lived

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