The general economic slowdown has started impacting the commercial real estate sector as was evident by slower uptake during the April-June period of the year. During the period, commercial real estate demand was only at 9.74 million square feet as against the supply of 18.07 million sq.ft, commercial real estate services firm Cushman & Wakefield (C&W) said in a report. The IT/IteS sector, which has been one of the largest consumers of commercial real estate, have deferred their expansion plans, leading to a slowdown in the uptake during the period, he said. Most corporations, both Indian and multi-national, have been adopting a wait-and-watch policy throughout most of the period, he added. During April-June quarter rental values across major micro markets in the major cities witnessed rental hikes in the range of 3-5 per cent over the previous quarter. Some peripheral locations in NCR and Chennai also saw a correction in rental values largely due to excessive supply as well as deferred developmnet plans of various proposed projects, it said.