Office space absorption dropped in Bengaluru in the second quarter ended June, mostly due to lack of ready-to-move-in quality office space in some important micro-markets. However, the overall quarter stood out, helped by the entrance of Apple and Diageo. Gross absorption dipped to 2.3 million sft, from 2.75 mn sft in the corresponding quarter last year, according to a independent property consultancy. During the first six months, it was 3.8 mn, down from 4.5 mn a year earlier.
Read more: Economic Times
