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Vacancy rates at top-tier office parks expected to increase further

As per ICICI Securities, there has been a notable deceleration in significant leasing decisions since January 2023. This slowdown can be attributed to global macro headwinds, including the rise in interest rates and a slowdown in hiring by technology multinational corporations (MNCs), which account for 67% of the demand for office space in India. ....

Arvind Nandan , Shrinivas Rao , Mudassir Zaidi , National Capital Region , Executive Director , Knight Frank , Managing Director , Office Parks , Technology Outsourcing Industry , Icici Securities , It Sector ,