Total office space leasing in June jumped nearly 1.5 times annually across seven cities to 5.8 million square feet, but it fell 5 per cent from previous month, according to JLL India.
Real estate consultant JLL India, in a statement, said that aggregate market leasing activity refers to lease transactions for all grades in the top seven cities (Delhi-NCR, Mumbai, Bengaluru, Chennai, Hyderabad, Pune and Kolkata), including confirmed pre-commitments and term renewals.
The top four cities with a cumulative share of 87 per cent in monthly leasing activity for June 2022 are Bengaluru, Chennai, Mumbai and Delhi-NCR.
Technology companies had a share of 35 per cent in the aggregate market leasing activity in June.
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On monthly basis, Samantak Das, who is chief economist and head research and REIS, India at JLL, said there was a slight decline on monthly basis.
Das said the consultant will keep a close eye on this trend, "given the global headwinds that may impact market leasing activity as occupiers are likely to be cautiously optimistic about growth-oriented real estate space requirements".
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