2 Supply, Absorption & Vacancy Trends: Bangalore
Bangalore city has witnessed a total completed commercial space supply (both SEZ and Non-SEZ) of approximately
129.0 million sq ft from 1995-96 till CY2015.
The following exhibit provides a break-up of completed stock with emphasis on Whitefield:
Stock Breakup
SEZ (million sq ft)
Non-SEZ (million sq ft)
Total (million sq ft)
Bangalore
32.5
96.5
129.0
Whitefield
5.6
24.1
29.7
City – Supply, Absorption, Vacancy
Area (million sq ft)
Vacancy (%)
CY2016
(F)
16
14
12
10
8
6
4
2
0
20
18
16
14
12
10
8
6
4
2
0
CY2011
CY2012
CY2013
CY2014
CY2015
Vacancy (%)
Supply
Absorption
Source: CBRE Research; Note: Supply – refers to fresh completed supply added each year; Absorption – refers to the occupancy witnessed in each
year which is reflective of both fresh and secondary leasing; The vacancy in the chart accounts for the gap between cumulative stock and occupied
space in the city in any given year and includes secondary spaces (if any) being generated due to churn in the market.
B
Bangalore COMMERCIAL MARKET OVERVIEW
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ASCENDAS india trust ANNUAL REPORT
2015/2016
