HYDERABAD: Already at a high 12% to 15%, the vacancy in Hyderabad’s office space could see a further jump — amid the third wave of Covid-19 — courtesy, a huge flow of new supply added to the sector recently.
According to market data, new supply hit a record high of 11.7 million square feet (sft) in 2021 — the highest ever for the city and a 50% jump over 2020. In 2022, this is likely to peak reaching anywhere between 15 and 20 million sft, thus causing vacancy too to shoot up, say industry insiders.
