With only 170,000 sq ft of Grade A office space absorbed, according to a report, in Q1 2016. Kolkata office absorption remained weak due to gloomy response from the occupiers.
The total office space absorbtion in this period stood 32 per cent less as compared to the previous quarter’s absorption of 250,000 sq ft. IT-ITeS occupiers topped the chart with over 37 per cent of the total, followed by FMCG with 16 per cent and pharmaceuticals with 14 per cent.
Read more: Economic Times
