Offices Hyderabad

Inhalt

On account of the ongoing pandemic, business sentiment and leasing activity were largely muted through most of the first half of 2020. Until the third quarter of the year, the city registered transactions to the tune of 3.4 million sq ft, a sharp decline from the historic high achieved in 2019. Quarter-on-quarter comparison, however, shows notable traction with Q3/2020 registering more than twice the absorption in Q2/2020. The systematic, though gradual, unlocking of the economy is understood to have played a major part in this recovery in commercial office demand. Vacancy levels have consistently increased over the last few quarters, as incremental supply has outpaced demand. However, the current high vacancy rates augur well for the demand side as businesses are expected to regain confidence in the post pandemic phase. Rents across major micro-markets have remained stable throughout the year.