Pune (Maharashtra) [India], September 16 (ANI/PRNewsire): Grade A office absorption in Pune is expected to touch 5.5 million sq ft during 2022, a likely 53 per cent increase from last year when demand was marred by the lockdowns. Occupier confidence is back in the market, with demand backed by Flex, Consulting and Tech occupiers. Office space leasing jumped five-fold to 3.5 mn sq feet YoY in H1 2022. Flex operators led the demand at 34 per cent share in total leasing, leased 1.2 mn sq feet of space in the city. Vacancy levels declined 50 basis points amidst robust demand; rentals set to improve.
\
\
