While vacancy levels in commercial establishments are set to grow from current 8%, that for malls is at 30% despite an uptake in leasing activity led by IT, BFSI and consulting sector in Ahmedabad real estate market, a report by CIRIL Network says. The office space market in Ahmedabad had total absorption of around 0.75 million sq ft in the year 2015 with majority of the leasing activity around 60% being concentrated on S G Highway. While the IT & ITeS sector continued to dominate the leasing activity with 35% share, it was followed by BFSI at 25% and consulting sector at 20%, the CIRIL report stated.
Read more: Business Standard
