Commercial real estate continues to remain upbeat Net absorption of commercial space in India is expected at ~42.1 million sq ft (msf) exceeding the overall anticipated supply of 34.9 msf in CY18 (gross leasing was clocked at 47.4 msf (5.3% YoY growth) in CY18). Amid strong demand, vacancy levels fell ~810 bps to ~15.0% in CY12-17. It is expected to further decline to 12.0% in CY19E. Higher absorption rates, coupled with declining vacancy rates could drive up rental rates for office spaces, going ahead. In Q1CY19, total gross leasing activity remained strong as it touched...