This marks the highest-ever GLV recorded in the sector, surpassing 2023's peak by a significant 14 MSF and a 19 per cent increase, said the report by Cushman & Wakefield, a global commercial real estate services firm.
Gross leasing volume, which factors in all leasing activity in the market, including fresh take-up, open market renewals by corporates as well as pre-leasing, is an indication of overall market activity.
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