ASCENDAS india trust ANNUAL REPORT 2014/15
7 Absorption and Vacancy of the Micro-market
As per C&W research, the total absorption of office space in the year 2014 (January to December 2014) was approximately
2.9 million sq ft in the micro-market. Whitefield currently accounts for approximately 23% of the total city’s absorption. The
total vacancy of commercial office space in the subject micro-market is approximately 16.4% as on December 2014. The
supply and absorption trend for the micro-market has been highlighted below:
Area (million sq ft)
Vacancy (%)
Supply (million sq ft)
Absorption (million sq ft)
Source: C&W Research
6
8
4
2
0
2010
2011
2009
2012
2013
2014
2015
(F)
33.0%
25.0% 23.0%
20.4%
16.4%
14.3%
24.0%
B
B a n g a l o r e C omm e r c i a l M a r k e t O v e r v i e w
