'Leasing of space at 18.2 mn sq ft in top 9 cities during Jun quarter'

Leasing of office space in top nine cities rose 61 per cent during the June quarter to record 18.2 million square feet from the previous quarter on better demand, according to a report.

Real estate consultant CBRE on Monday releases its office leasing data for April-June (Q2) of 2022.

"...office sector leasing in India recorded the highest-ever activity with a strong performance in Q2 2022," CBRE said in a statement.

The gross leasing of office space jumped 220 per cent from the same period of the last year.

"The office sector in India reflected a strong recovery in H1 (January-June) 2022 as occupier sentiments were uplifted due to the relatively reduced severity of the Omicron wave, the subsequent relaxation of restrictions, and improved economic activity," Anshuman Magazine, Chairman & CEO -India, South-East Asia, Middle East & Africa at CBRE, said.

He expected the annual office space absorption for 2022 to be higher than 2021.

CBRE said that the absorption in H1 ...