Office space leasing up 7% in Jan-Sept

Office space

With supply slippages recorded across most cities, a supply-demand gap is expected to appear over the next few quarters, which is likely to drive rental growth, said CBRE

32.2 mn sq ft – Leased in nine major cities during first three quarters of 2018

3.3 mn sq ft – Co-working/business operators leased in that period, almost double their take-up from a year ago

30.1 mn sq ft – Leasing in the year-ago period

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25 % – Supply rose at 23 mn sq ft during Jan-Sept 2018

3% – On-year rise in leasing during Q3 of 2018 at 10.9 mn sq ft