Office Space in Demand Again in Hyderabad

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Treda and JLL India released a report recently that details that revealed improved office leasing activity in 2014 in Hyderabad after the political instability of the region ended. Tenants and Fence-sitting occupiers have expanded their activities thus improving the rents of office space in the city. The report also reveals that though the activities increased and rents have improved, but the previous market high values of 2008 have not been touched. The report also suggests that the previous peaks of rent and capital values can be reached in the second half of 2015.

The report also suggests that by 2022, the city is likely to witness a further increase in demand. The Information Technology Investment Region (ITIR) also will raise the office space demand and supply in the city by attracting IT investments. Apart from this, Hyderabad is expected to see an additional 32 million sq ft of new office space supply by 2022, doubling the current to 65 million sq ft.

Medaram Jathara

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