https://fortunepropsfb.wordpress.com/2016/02/09/2015-a-favourable-year-for-real-estate-industry-2/

In many ways, the commercial real estate (CRE) industry is on more solid footing than it has been for quite some time. The office space absorption in India stood at 35 million square feet in 2015, which is the second highest absorption rate after 2011. While the vacancy in PAN-India stands at 16%, it’s just 8-9% that’s being supplied to the corporate occupiers.