Bengaluru, which has a total stock of 96 million square feet of grade-A (non-captive) office space, is currently facing a shortfall in the supply of office space. In 2015, 14-15 million square feet got leased out. This includes a good volume of pre-committed space, which will be occupied over the next two-three years. Interestingly, the trend of leasing remains strong. Although there is demand for 10 million square feet, supply of only 8-8.5 million square feet non-captive office space is expected to come up in 2016.
Read more: The Hindu Businessline
