Kolkata Real Estate : Kolkata Office Leasing absorption in April June Jumps by 33 %
Bharat Newz 24*7 Desk :
Destination Bengal. Destination Kolkata.
Office space leasing absorption in Kolkata surged 33% year-on-year (YoY) to 0.4 million square feet in the April-June quarter of 2024, according to the CBRE India Office Figures Q2 report.
The key sectors driving absorption in Q2 2024 were technology [40%], BFSI [21%], and flexible space operators [10%].
Another real estate consultant, Knight Frank India, confirmed that Kolkata’s office market saw a significant increase in office leasing volume, with 0.7 million square feet of office space transacted in H1 2024 (January–June 2024).
This represents a 23% growth compared to H1 2023, according to Knight Frank India’s report “India Real Estate: Residential and Office” (January–June 2024).
