The city continues to witness lowest office vacancy, pan-India as compared to major cities in the country. The IT capital of India has 4% vacancy across office space in the city, said JLL India.
“From these figures, it is clear that IT hubs continue to see a good supply-demand equilibrium compared to other markets in the country. Developers in these IT hubs, especially Bengaluru and Pune, need to look into addressing the existing space crunch before the situation forces occupiers to consider some other cities. A few developers in Bengaluru have started advancing completion of their commercial projects in the city,” said Ramesh Nair, CEO & Country Head, JLL India.
Read more: The Economic Times
