New office space supply falls 6% across top 8 cities in 2024: Report

Quick Summary:

Real estate consultant Cushman & Wakefield (C&W) data showed that new supply of office space stood at 451.5 lakh square feet in 2024 as against 477.9 lakh sq ft in the preceding year.

Among cities, the new office space supply in Mumbai jumped more than 4 times to 83.2 lakh sq ft in 2024 from 20.5 lakh sq ft in the preceding year.

India's eight major office markets saw a 6 per cent annual decline in fresh supply of workspaces during 2024, even as the demand hit an all-time high, according to Cushman & Wakefield.

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Category: BusinessFinance

Markets: India

Topics: Delhi-NCR Real Estate Services Kolkata Mumbai

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-05 @ 12:59:51 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 546 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24900938

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