Be the first to like this
Even though the economy had showed signs of weakening in the last quarter, most of the commercial markets remained active in terms of commercial leasing. Demand was primarily in the form of relocation and consolidations as companies were looking for more cost effective solution for their real estate requirement. Rental values for grade ‘A’ office space remained stable in almost all the major markets across India in 2Q 2012. Looking forward, we are expecting demand to be moderate amid a weaker global economic outlook.