Commercial real estate business in Kolkata has made a significant recovery in 2009 with the rate of absorption of office space by companies growing at nearly 15 per cent over last year. In 2010 office space absorption in the city is poised to grow at nearly 10 per cent , according to real-estate experts and developers.
Companies took on lease 16 lakh sq.ft in 2009 as compared with 13.5 lakh sq.ft in 2008. This only marginally behind that of 2007 which saw a total absorption of 17 lakh sq.ft of commercial space.
Nearly 70 per cent of the space taken up by companies this year has already been put into use, according to industry insiders.
More : thehindubusinessline.com
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