kochi real estate consulting firm cbre south asia pvt ltd said in a report that kochi has witnessed a quarterly increase in leasing activity driven by pharmaceutical and healthcare companies followed by technology corporatesspace takeup was primarily concentrated in kakkanad in secondary business district sbd and edapally in offcbd central business district leasing activity was mainly driven by the conclusion of smalltomediumsized deals recently the city also witnessed the closure of a largesized deal 100000 sq ft in offcbd the latest report from cbre saidnew supply addition has led to increase in leasing activity in the current quarter further due to approaching sunset date we anticipate an increase in the demand for sez space in kochi said ram chandnani managing director advisory transaction services india cbre south asiaameeth raja senior director advisory transaction services india cbre south asia said the fresh supply addition has led to corporates signing large scale deals in the city during the quarter we anticipate this trend to continue in the coming quarters led by expansion and consolidation by corporatesaccording to cbre a significant amount of space is expected to be released in the decentralized locations of leading cities over the next few quarters the cities of hyderabad bangalore and ncr will account for a substantial share of the sez pipeline in the upcoming quarters this spike in demand for sez space is expected to lead to stronger absorption levels in the coming quarters it said