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Office space supply down by 50% in first half of 2017: report
Supply of premium office space across eight major cities has fallen by 50% in the first half of this year as compared to the same period last year, with all markets experiencing a slowdown, according to a half-yearly report by property consultant firm Cushman & Wakefield. In the first six months of this year, total supply stood at approximately 10 million sq.ft, as the per the report. Shortage of supply is also likely to push rental values by around 4-5% across cities.
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