At just over 0.09 million sq ft, overall transaction volume in office space was unable to pick up in Kolkata this quarter as well said a recent report. Lease activity was driven by assortment of industries including Technology firms which shared about 33% of the absorption pie while, Engineering firms came in next at 25% share. FMCG and Pharmaceutical sectors both contributed 11% to the transaction volumes. Bulk of the leasing volumes was concluded in Sector V due to availability of large floor plates. A number of tenants whose leases were about to end were looking to benefit from affordable rents and high availability of good quality office space in peripheral area.
Read more: Economic Times
