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Office lease tenures at record high as occupiers show stronger India commitment

By Economic Times - 9 months ago
The Indian office market is experiencing a surge in demand, with the longest weighted average lease term of 62 months in the last 14 months, marking the highest in the segment. This is due to the growing commercial prowess of India's commercial segment and a robust supply of grade A and A+ offices. The demand and supply for office spaces are expected to expand beyond tier-1 cities and into tier-2 and -3 cities.

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