IT corridors help Hyderabad rank second in office space leasing
| Tuesday | 14th January, 2020
By Express News ServiceHYDERABAD: Owing to IT corridor areas, the city witnessed second highest office space leasing in the country, revealed the ‘India Office MarketView’ Quarter 4, 2019, report released by CBRE South Asia Private Limited, a real estate consulting firm.
The report also mentions that flexible space operators dominated the office space take up, followed by tech firms and BFSI firms.
by domestic and US-based firms dominated leasing activity," said the report.
The report also said that Hyderabad dominated the overall investments in office space in the Quarter-4 of 2019 followed by Chennai and Mumbai.
This is drawing interest from several flexible space operators and tech firms.”City’s gross leasing activity grew 25 per cent.
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