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However, there’s unlikely to be a single timeline for this across Europe’s numerous markets. This year a 3rd of the respondents count on business confidence and profitability to increase, providing room for cautious optimism. Bengaluru was also one of the three cities that noticed the highest spike in leases together with Hyderabad and Chennai, which was 5 per cent, while Pune and Mumbai noticed a 4 per cent development every. Bengaluru’s office market stood steady with leasing of 3.5 million square feet, making it probably the most lively market throughout Q1 of 2023. This transacted quantity accounted for 31 per cent of the entire space transacted through the period.
Additionally, our team of researchers verified the survey responses and collected any lacking information points by way of online analysis and direct conversations with each firm. The knowledge assortment course of happened between Oct. 17, 2023, …