Mumbai Office Market: 2013 Review & Predictions For 2014: Ramesh Nair, COO – Business, Jones Lang LaSalle India
2013 Review: Increased Absorption Reduced Vacancy Rental & Capital Values Rise Stock Growth Slows CBD/SBD Lose Further Market Share Despite the uncertain economic conditions, absorption of office spaces in Mumbai rose by 4.4% y/y to 7 million square feet in 2013, as against the 6.7 million square feet in 2012. As a result, vacancy fell …