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• Demand for office space in the Pune office market proved to be resilient, with increased commercial leasing recorded at around 3.5 MN SF, 11% up from 2012.
• The office leasing activities in 2013 were dominated by the IT/ITeS sector with approximately 70% of the total absorption from this sector, followed by BFSI.
• Average rental values registered an increase of 5% Year-on-Year (YoY)
• The outlook for 2014 is promising in terms of the office market. IT/ITeS will continue to play an important role in the city’s overall commercial office space absorption.