Grade-A office vacancy could drop 50 bps this fiscal: Crisil
NEW DELHI: Vacancy rates in India’s Grade A commercial office space are projected to decrease by approximately 50 basis points, landing between 15.5% to 16% by the end of the current fiscal year, as forecasted by Crisil Ratings. This reduction is anticipated to stem from robust net leasing growth and the completion of ongoing projects. Notably, vacancy rates have consistently dropped by around 50 basis points annually over the past two fiscal years. Net leasing is expected to rise by 6-7% this fiscal, largely driven by flexible workspace operators responding to increased occupier demand. Additionally, global capability centres are predicted…