New Delhi, April 20 -- Office space vacancy levels in India are expected to ease slightly over the medium term, supported by improving rental growth and balanced demand-supply trends, according to a report by Nuvama.

The report said that while a large pipeline of commercial projects is underway, the sector is entering a phase of relative stability. "Vacancy levels are likely to decline marginally, and rental growth is expected to pick up pace going forward," it noted.

In the near term, however, supply may slightly outpace demand. Around 176 million square feet of new office space is expected to be added by 2028. Actual deliveries could vary depending on factors such as labour availability, financing conditions, and developer decisions. ...