Tag «100 Million Square Feet»

Mumbai Commercial Office Real Estate Market To Cross 100 Million Square Feet In 2014 – Ramesh Nair, Managing Director – West, Jones Lang LaSalle India

Mumbai’s commercial real estate stock is estimated to cross the 100 million square feet mark by the 4th quarter of 2014. The current stock stands at 87 million square feet. When it touches the 100 million square feet mark, the vacancy rate is going to hover at 22.2%. When the city’s supply of CRE reaches …