Mapping India’s office spaces
9 months, 2 weeks ago

Mapping India’s office spaces

The Hindu  

While most investors look at factors like vacancy in the market, the historical rent growth and rentals of comparable assets, I have seen that even the most seasoned of investors miss out on taking a look at the upcoming supply in the market — which is the only verifiable forward-looking metric in real estate analysis. Business-as-usual in Bengaluru As India’s largest office market, Bengaluru has seen a steady growth in supply averaging ~12 million sq.ft. Nil supply in BKC, Mumbai India’s most premium front-office market, Bandra Kurla Complex has no upcoming supply getting completed in the next two years. Some standalone Grade A+ projects in the vicinity of BKC like Wadala, Kurla and Kalina will The curious case of CBD Pune The Central Business District in any typical metro city is characterised by insignificant upcoming supply, high rentals and low vacancies primarily because of lack of space availability.

India Bengaluru Hyderabad Market Supply Chennai Pune Million Bkc Expected Upcoming Grade Office Space Upcoming Supply  office  space  upcoming  sqft  indias  supply  spaces  expected  million  market  markets  mapping  look

History of this topic

Demand for logistics, industrial spaces to touch 50-53 million sq ft in 2024: Report
1 hour, 11 minutes ago

Demand for logistics, industrial spaces to touch 50-53 million sq ft in 2024: Report

Hindustan Times  

Leasing of logistics and industrial spaces is set to reach 50-53 million sq feet in 2024 across eight major cities on sustained demand, according to a report by Cushman & Wakefield on December 24. Leasing of logistics and industrial spaces is set to reach 50-53 million sq feet in 2024 across eight major cities on sustained demand The leasing of …

Year-ender 2024: Top luxury housing deals in Bengaluru that had the IT city going the Mumbai way
2 hours, 47 minutes ago

Year-ender 2024: Top luxury housing deals in Bengaluru that had the IT city going the Mumbai way

Hindustan Times  

While Mumbai has long witnessed ultra-luxury real estate transactions, some worth as high as ₹100 crore, Bengaluru is fast catching up with demand for upscale residential properties. While Mumbai has long witnessed ultra-luxury real estate transactions, some worth as high as ₹ 100 crore, Bengaluru is fast catching up with demand for upscale residential properties. Top residential deals in Bengaluru …

Year-ender 2024: Office space leasing expected to touch 85 million square feet this year
1 week ago

Year-ender 2024: Office space leasing expected to touch 85 million square feet this year

Hindustan Times  

The year 2024 is likely to register 83-85 mn sq ft of gross leasing of office space across eight major cities, which will be an almost 13% increase compared to the peak volume of 2023, a report by Cushman and Wakefield said. Since 2022, India’s office real estate has consistently witnessed more than 70 million square feet of gross leasing …

ANZ renews office space lease in Bengaluru for four years at a rent of ₹6 crore per month
1 month ago

ANZ renews office space lease in Bengaluru for four years at a rent of ₹6 crore per month

Hindustan Times  

ANZ Support Services India Private Limited has renewed its lease for a 6 lakh sq ft office space spread across 18 floors in Embassy Manyata Business Park in Bengaluru for four years at a monthly rent of ₹5.94 crore, documents accessed by Propstack showed. ANZ Support Services India Private Limited has renewed its lease for a 6 lakh sq ft …

Bengaluru Leads the Flex Office Market with 28% Share
1 month, 3 weeks ago

Bengaluru Leads the Flex Office Market with 28% Share

Hindustan Times  

Bengaluru leads the Indian commercial real estate market with 257 flex office transactions, accounting for 28 per cent of the total deals. The city has emerged as the top market in the small-sized segment, with 150 deals, followed by the National Capital Region (NCR) with 96 deals and Pune with 33 deals.

Mumbai Emerges As The Most Expensive Market, While Bengaluru and Delhi NCR See Slowdown
1 month, 3 weeks ago

Mumbai Emerges As The Most Expensive Market, While Bengaluru and Delhi NCR See Slowdown

ABP News  

Rents for office spaces in major cities have soared past pre-pandemic levels, with Mumbai emerging as the most expensive market. The weighted average quoted office rental in Mumbai touched Rs 151.60 per square foot per month during the July-September quarter, up 6 per cent from 2019. However, industry experts expressed concerns regarding the slump in growth in certain key markets …

Office leasing up 31% annually to 17.3 mn sq ft across top six cities in Q3 2024; Bengaluru and Hyderabad drive demand
2 months, 4 weeks ago

Office leasing up 31% annually to 17.3 mn sq ft across top six cities in Q3 2024; Bengaluru and Hyderabad drive demand

Hindustan Times  

The July-September quarter of 2024 recorded a 31% year-on-year growth in office leasing, pushing the tally to 17.3 million square feet across the top six cities, a report by property consultancy Colliers said on September 26. Office leasing up 31% annually to 17.3 mn sq ft across top six cities in Q3 2024; Bengaluru and Hyderabad drive demand Bengaluru and …

Table Space to add 9 mn sq ft to its portfolio in the next three years, invest ₹4,500 crore towards expansion plans
3 months, 1 week ago

Table Space to add 9 mn sq ft to its portfolio in the next three years, invest ₹4,500 crore towards expansion plans

Hindustan Times  

Premium managed office solutions provider Table Space is looking to nearly double its footprint with a 9 million square feet addition to its portfolio over the next three years, taking the total space take up to over 18 million square feet, company co-founder and president Kunal Mehra said in an interview with HT.com. Table Space plans to add 9 million …

Bengaluru leads in large office space leasing, transaction volumes touch 4.5 mn sq ft in H1 2024
3 months, 1 week ago

Bengaluru leads in large office space leasing, transaction volumes touch 4.5 mn sq ft in H1 2024

Hindustan Times  

Transactions for office spaces above 100,000 sq ft recorded a substantial YoY growth of 54% in the first half of calendar year 2024 from 10.18 mn sq ft in H1 2023 to 15.69 mn sq ft in H1 2024. Bengaluru’s large office spaces contributed 53% to the city’s total commercial transaction volumes, amounting to 4.5 million sq ft followed by …

315Work Avenue leases additional 56,000 square feet office space in Pune
3 months, 1 week ago

315Work Avenue leases additional 56,000 square feet office space in Pune

Hindustan Times  

Coworking space provider 315Work Avenue has leased an additional 56,000 square feet of office space in International Tech Park Pune to take its overall space take-up in the facility to 1 lakh square feet, the company said in a statement. 315Work Avenue leases additional 56,000 square feet office space in Pune 315Work Avenue now has a total of 12,000 seats …

BHIVE Workspace leases 77,000 sq ft office space in Bengaluru for ₹8.5 cr pa
3 months, 2 weeks ago

BHIVE Workspace leases 77,000 sq ft office space in Bengaluru for ₹8.5 cr pa

Hindustan Times  

Bengaluru-headquartered managed office space provider BHIVE Workspace has leased 77,000 square feet from Address Maker on CMH Road in Indiranagar, the company said in a statement on September 9. BHIVE Workspace leases 77,000 sq feet office space in Bengaluru for yearly rent of ₹ 8.5 crore Address Maker is a Bengaluru-based real estate player with a portfolio spanning 5 million …

Led by Bengaluru, flexible office space supply touches 58 mn sq ft by H1 2024
3 months, 3 weeks ago

Led by Bengaluru, flexible office space supply touches 58 mn sq ft by H1 2024

Hindustan Times  

The flexible workspace footprint across the top eight cities in India has touched 58 million square feet as of H1 2024, a joint report by Cushman & Wakefield and Table Space has said. Led by Bengaluru, flexible office space supply touches 58 mn sq ft by H1 2024 According to the report, the first six months of 2024 added over …

Bengaluru tops flexible office stock in Asia Pacific region, Delhi-NCR on second spot: Report
4 months, 2 weeks ago

Bengaluru tops flexible office stock in Asia Pacific region, Delhi-NCR on second spot: Report

Hindustan Times  

Bengaluru tops the list of 20 Asia Pacific cities with the highest flexible office stock at 15.5 mn sq ft in the APAC region, including Shanghai, Seoul and Tokyo. Delhi NCR ranks second in the city list with a total stock of 10.7 mn sq ft of flexible office space, a report by CBRE has said. Bengaluru tops flexible office …

Bengaluru leads leasing by Global Capability Centres in India with 40% share between 2022 to H1 2024: Report
4 months, 2 weeks ago

Bengaluru leads leasing by Global Capability Centres in India with 40% share between 2022 to H1 2024: Report

Hindustan Times  

Bengaluru led leasing by Global capability centres in India between 2022 to H1 2024 with a 40% share, according to a CBRE- Zyoin report released on August 5. Bengaluru leads leasing by Global Capability Centres in India with 40% share between 2022- H1 2024 According to the report, GCCs leased nearly 53 million square feet of office space across the …

Bengaluru leads office space absorption by global capability centers in India at 4.3 mn sq ft: Report
4 months, 4 weeks ago

Bengaluru leads office space absorption by global capability centers in India at 4.3 mn sq ft: Report

Hindustan Times  

Bengaluru accounts for the highest office space absorption by global capability centers in India at 4.3 million square feet, according to a Knight Frank India - 3AI report released on July 26. Bengaluru leads office space absorption by global capability centres in India Bengaluru is the top choice for platform engineering and constitutes the highest IT/ITeS GCC led office absorption …

Bengaluru’s office space stock to become highest in India by 2030
5 months, 1 week ago

Bengaluru’s office space stock to become highest in India by 2030

The Hindu  

Bengaluru office stock is set to touch 330-340 million sq. Technology, Engineering & Manufacturing, and BFSI sectors are expected to be primary demand drivers, while life sciences, aviation, and automobile are likely to be emerging drivers, according to the analysis. Technology, engineering & manufacturing and BFSI sectors are expected to be the main demand drivers of office space while life …

Office market touches 34.7 mn sq ft transactions in H1 2024; may double by year end on the back of demand from IT firms
5 months, 2 weeks ago

Office market touches 34.7 mn sq ft transactions in H1 2024; may double by year end on the back of demand from IT firms

Hindustan Times  

Office space market across the top eight cities in India recorded its highest ever transaction volume in a half yearly period at 34.7 million square feet in H1 2024. Vacancy rate reduced to 15.6% The office market witnessed 25.1 mn sq ft of space completions in H1 2024. Though GCC recorded a mark-up in its share, India Facing Business continued …

Office leasing across top 9 cities touches 32.8 mn sq ft in Jan-June; Bengaluru leads office leasing at 8.5 mn sq ft
5 months, 2 weeks ago

Office leasing across top 9 cities touches 32.8 mn sq ft in Jan-June; Bengaluru leads office leasing at 8.5 mn sq ft

Hindustan Times  

Office leasing touched 32.8 mn sq ft during January to June period, recording an increase of 14% year-on-year across nine cities, a report by CBRE South Asia Pvt. ft. during January to June period, recording an increase of 14% year-on-year across nine cities, a report by CBRE Bengaluru led office space absorption, accounting for about one-fourth of the total leasing …

WeWork to expand footprint in Chennai
6 months, 1 week ago

WeWork to expand footprint in Chennai

New Indian Express  

CHENNAI: After opening an office space in Olympia Cyberspace in Guindy previously, co-working major WeWork India, one of the largest office space providers, has now decided to expand its footprints in Chennai. Karan Virwani, CEO, WeWork India, told reporters that the co-working space company is planning to open another office in DLF Cybercity in Porur by December next year. Stating …

Google leases new office in Bengaluru for ₹4 crore monthly rent: Report
6 months, 3 weeks ago

Google leases new office in Bengaluru for ₹4 crore monthly rent: Report

Hindustan Times  

Google leased 649,000 square feet of office space in Alembic City, Whitefield, Bengaluru, it was reported. Ltd. renewed its lease for 600,000 square feet of office space in Hyderabad, it added. Google also agreed to lease 1.3 million square feet of office space from Bagmane Developers in Bengaluru, the report claimed. Since 2020, Google has expanded its office space portfolio …

Office market net absorption in Q1 2024 at 11.5 mn sq ft across top 8 cities
8 months, 3 weeks ago

Office market net absorption in Q1 2024 at 11.5 mn sq ft across top 8 cities

Hindustan Times  

Despite global headwinds, the Indian office market continues its positive trajectory, registering a net absorption of 11.5 mn sq ft across top eight cities in Q1 2024, according to Cushman & Wakefield’s Q1 office data. A significant contribution to Bengaluru’s healthy leasing volume was 4.8 mn sq ft of fresh leasing activity, and the city accounted for 33% of total …

Shapoorji Pallonji Real Estate eyes ₹500 cr revenue from new project in B'luru
9 months, 3 weeks ago

Shapoorji Pallonji Real Estate eyes ₹500 cr revenue from new project in B'luru

Hindustan Times  

Shapoorji Pallonji Real Estate has launched 180 luxury apartments in its project in Bengaluru with a saleable area of 4.3 lakh square feet and is eyeing a revenue potential of almost ₹500 crore, the company said. Shapoorji Pallonji Real Estate has launched 180 luxury apartments in its project in Bengaluru with a saleable area of 4.3 lakh square feet The …

Mumbai Sees 23% Fall In New Office Space Supply Last Year, Numbers May Rise This Yr: Vestian
10 months, 2 weeks ago

Mumbai Sees 23% Fall In New Office Space Supply Last Year, Numbers May Rise This Yr: Vestian

News 18  

Mumbai has witnessed a 23 per cent fall in new supply of office space last year to 2.7 million square feet mainly as developers focused less on this asset class in the past few years anticipating fall in demand because of the COVID pandemic, according to Vestian. Real estate consultant Vestian noted that a surge in housing demand over the …

All that you need to know about Apple's new 15-storey office in Bengaluru
11 months, 1 week ago

All that you need to know about Apple's new 15-storey office in Bengaluru

Hindustan Times  

Tech giant Apple has expanded its footprint in India with a new 15-storey office in the heart of Bengaluru that will house up to 1200 employees. Apple's new office in Bengaluru is the latest addition to the company’s corporate office footprint in Bengaluru, Mumbai, Hyderabad, and Gurugram. The new Apple India office is located at Minsk Square in the center …

Office space demand up 15% in top 8 cities; Bengaluru sees 14% fall in leasing: Report
11 months, 2 weeks ago

Office space demand up 15% in top 8 cities; Bengaluru sees 14% fall in leasing: Report

Hindustan Times  

Leasing of office space rose by 15 per cent across eight major cities last year, despite a decline in demand in Bengaluru, the largest workspace market, according to Knight Frank. Data showed that office demand grew 15 per cent annually to 59.6 million square feet in 2023, despite global economic and geopolitical concerns. The data showed that office demand grew …

Flexible Office Space Market In India Set To Cross Rs 14,000 Crore In FY24
1 year ago

Flexible Office Space Market In India Set To Cross Rs 14,000 Crore In FY24

ABP News  

India’s flexible office space is likely to see its market size increase 60 per cent to cross Rs 14,000 crore in the current fiscal year, due to a boost in rent charged by operators per desk and portfolio expansion, a report by Upflex India revealed. The ‘Co-Working and Managed Offices Redefining the Indian Commerical Real Estate’ report by Upflex India, …

WeWork India leases office space in Bengaluru, Hyderabad for co-working centres
1 year, 1 month ago

WeWork India leases office space in Bengaluru, Hyderabad for co-working centres

Hindustan Times  

Co-working major WeWork India on Thursday said it has taken on lease 2.72 lakh sq ft of office space in Bengaluru and Hyderabad to open two new facilities comprising about 4,000 desks. WeWork India has signed lease agreements for two new buildings -- Manyata Redwood in Bengaluru, and RMZ Spire in Hyderabad -- to open two new centres in the …

Unravelling opportunities
1 year, 1 month ago

Unravelling opportunities

The Hindu  

A joint industry report by CREDAI and CRE Matrix stated that high-quality office space in India’s top six cities had already surpassed 700 million sq.ft. As per a study by NASSCOM, operating costs of offices in tier-2 cities in the U.S. are as high as seven times the cost in Bengaluru, India’s largest office market. Lastly, India’s share of the …

Hyderabad to Add All-time High Office Space of 21.5 Mn Sq. Ft in '24 Fiscal
1 year, 3 months ago

Hyderabad to Add All-time High Office Space of 21.5 Mn Sq. Ft in '24 Fiscal

Deccan Chronicle  

HYDERABAD: Hyderabad’s real estate boom is set to get bigger, with the 2024 financial year set to see an addition of about 21.5 million square feet of office space, an all-time high. Icra said Hyderabad saw a healthy net absorption in the 2022 and 2023 fiscals, post-Covid-19 lockdowns, backed by good deal traction in new leases, offices resuming and a …

In charts: Factors impacting office space demand
1 year, 5 months ago

In charts: Factors impacting office space demand

Live Mint  

The demand for office space in India is buffeted by two different forces: return-to-office mandates and concerns around hiring due to global economic uncertainties. While economic uncertainty has lowered the demand for office space, one form that is becoming popular across cities is the flexible office space. Demand drop In 2022, the demand for office space jumped by almost 53% …

Bengaluru no. 1 city across APAC in flexible office space stock; Delhi-NCR 3rd: CBRE
1 year, 5 months ago

Bengaluru no. 1 city across APAC in flexible office space stock; Delhi-NCR 3rd: CBRE

Hindustan Times  

Delhi-NCR has emerged as the third biggest city in the Asia Pacific in having flexible office space stock beating Beijing and Seoul, while Bengaluru has retained the top spot, according to real estate consultant CBRE. In its report, 'H1 2023 Asia Pacific Flexible Office Market', CBRE mentioned that Delhi-NCR emerged as 3rd largest city among the 20 Asia-Pacific region cities …

Bengaluru's North-West Region: Soaring As A Secondary Business Hub, Reveals Study
1 year, 7 months ago

Bengaluru's North-West Region: Soaring As A Secondary Business Hub, Reveals Study

News 18  

Lower occupancy, accessibility, connectivity and future development opportunity is driving the growth of commercial real estate in north-west Bengaluru which includes areas of Malleshwaram, Rajajinagar, and Peenya, said a recent study by Meraqi Research. Metro rail connectivity, express way, wide roads, good drainage and connectivity to various business districts are prime reasons for growth of commercial real estate in the …

Real Estate: Office Space Absorption Rises 16% QoQ to 14 million Sqft in January-March 2023, Says Report
1 year, 7 months ago

Real Estate: Office Space Absorption Rises 16% QoQ to 14 million Sqft in January-March 2023, Says Report

News 18  

Office space absorption in India’s six major cities rose 16 per cent QoQ to 14 million sqft in the first quarter of 2023. However, the YoY gross absorption comparison indicates an 11 per cent decline owing to global economic pressures, according to the latest report by international real estate advisory firm Savills India. Additionally, the office space witnessed a 23 …

Hyderabad ranks fifth in total residential unit sales: Knight Frank
1 year, 11 months ago

Hyderabad ranks fifth in total residential unit sales: Knight Frank

The Hindu  

The city of Hyderabad stands fifth out of eight cities in terms of total residential units being sold in India from January to December 2022. Knight Frank India in its report said that a total of 31,046 residential units were sold in Hyderabad in 2022. The office sector in India saw a strong recovery in demand despite the geopolitical changes, …

Bengaluru tops in Asia Pacific region in flexible office space stock; Hyderabad 7th
2 years ago

Bengaluru tops in Asia Pacific region in flexible office space stock; Hyderabad 7th

Deccan Chronicle  

New Delhi: Bengaluru has the highest supply of premium flexible office space in Asia Pacific region at 10.6 million square feet, according to CBRE. As of September 2022, Bengaluru recorded 10.6 million square feet flexible stock, the highest among all major APAC cities, including Shanghai, Beijing, Seoul, Tokyo and Singapore. Out of the total premium flexible office space in Hyderabad, …

Bengaluru may see highest growth in office rent in Asia-Pacific region next year
2 years ago

Bengaluru may see highest growth in office rent in Asia-Pacific region next year

Deccan Chronicle  

New Delhi: Office rentals in Bengaluru is expected to grow by 5-7 per cent -- highest in the Asia-Pacific region -- during the next year, according to Knight Frank India. Bengaluru's prime office rental is expected to grow in the range of 5-7 per cent YoY in 2023, highest amongst the 24 APAC cities tracked in the report. New Delhi's …

Bengaluru may see highest growth in office rent in APAC next year: Report
2 years ago

Bengaluru may see highest growth in office rent in APAC next year: Report

Hindustan Times  

Office rentals in Bengaluru is expected to grow by 5-7 per cent -- highest in the Asia-Pacific region -- during the next year, according to Knight Frank India. READ | Why Karnataka's Mysuru is the next real estate hotspot in India Bengaluru's prime office rental is expected to grow in the range of 5-7 per cent YoY in 2023, highest …

Hyderabad beats Bengaluru in new office supply
2 years ago

Hyderabad beats Bengaluru in new office supply

Deccan Chronicle  

HYDERABAD: Hyderabad has surpassed Bengaluru in the new office space addition in the first half of the financial year 2022-23, by posting a growth of 1.8 times compared to the year-ago period. "With 8.2 million square feet of new office space added in Hyderabad in H1FY23, the city accounted for 34 per cent of total new office supply across the …

Office space supply in Hyderabad up 56% in Jan-Sept, rises to 7.9 million sq ft
2 years, 2 months ago

Office space supply in Hyderabad up 56% in Jan-Sept, rises to 7.9 million sq ft

Deccan Chronicle  

NEW DELHI: New supply of office space in Hyderabad rose 56 per cent to 7.9 million square feet from 5.1 million square feet during January-September period. According to Colliers India, new supply of office space rose 49 per cent during this period across six cities,including Hyderabad, to 32.8 million square feet on completion of many commercial projects to meet rising …

Property registrations in Mumbai rose 11% to 8,628 units in September: Report
2 years, 2 months ago

Property registrations in Mumbai rose 11% to 8,628 units in September: Report

Live Mint  

In spite of rising home costs and borrowing costs, registration of properties in Mumbai jumped 11% last month to 8,628 units, the highest level for September in the previous 10 years, according to a study released today by Knight Frank India, a renowned international property consultant. In September 2022, there were 8,628 property sale registrations in Mumbai city, compared to …

Real Estate: 2022 Likely To Be Best Year for India's Office Market, Says Colliers Report
2 years, 2 months ago

Real Estate: 2022 Likely To Be Best Year for India's Office Market, Says Colliers Report

News 18  

The year 2022 is likely to emerge as the best year in terms of office space leasing, with absorption likely to cross 50 million sq ft across the top-6 cities — Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai and Pune. While hybrid working continues to be the mainstay, occupiers are not shying away from leasing new large spaces,” Colliers India said in …

Bengaluru’s prime office rental grew 12% despite global headwinds, and rental value may rise: Knight Frank
2 years, 4 months ago

Bengaluru’s prime office rental grew 12% despite global headwinds, and rental value may rise: Knight Frank

The Hindu  

Bengaluru witnessed the highest prime office rental percentage in the entire Asia Pacific region with an increase of 12.1% year-on-year in the second calendar quarter of 2022, said Knight Frank, a realty advisory, consulting and management firm. With a double-digit growth, Bengaluru was the best-performing prime office market in the APAC region in terms of rental growth in Q2 2022 …

Record growth in office space absorption in Hyderabad: Survey
2 years, 4 months ago

Record growth in office space absorption in Hyderabad: Survey

Deccan Chronicle  

HYDERABAD: Hyderabad has witnessed record growth in office space absorption in the April-June quarter at 2.4 million square feet. This is the 90 per cent growth over the office space absorption in Q2 2021, said a survey. According to a report, ‘The Connect Q2 2022,’ released by commercial real estate firm Vestian, “The West peripheral business district market, comprising locations …

‘Bengaluru leads office leasing market with a 30% share in Q2’
2 years, 5 months ago

‘Bengaluru leads office leasing market with a 30% share in Q2’

The Hindu  

Bengaluru led the office leasing market in the country in the second quarter of calendar year 2022 by solely forking out a 30% market share followed by Mumbai and Delhi-NCR claiming 19% and 18% slice respectively, said Colliers, a global realty advisory and management firm, on Monday. All the major markets, with Bengaluru dominating, witnessed strong leasing activity during the …

India’s co-working spaces are pivoting towards larger corporate houses, and smaller towns
2 years, 7 months ago

India’s co-working spaces are pivoting towards larger corporate houses, and smaller towns

The Hindu  

“Workplaces are becoming location agnostic,” says Santosh Martin, Chief revenue officer of WeWork India, a chain of coworking spaces that has 800 locations across the world, including 36 in India. “Many employees returning to small towns still want an office space to work remotely,” says Vigneshwaran Pitchai, co-founder of Quartr Design, adding that he moved from Chennai to Coimbatore during …

Robust Recovery: Office Space Leasing Jumps 97%; Bengaluru, Delhi-NCR Leading
2 years, 8 months ago

Robust Recovery: Office Space Leasing Jumps 97%; Bengaluru, Delhi-NCR Leading

News 18  

The office space sector in India continues to witness a robust recovery, as the leasing activity during January-March jumped 97 per cent y-o-y to touch 11.4 million sq ft, according to a report by India’s leading real estate consulting firm CBRE South Asia. Technology corporates drove leasing with a share of about 34 per cent, followed by BFSI firms, flexible …

Office Space Leasing Sees Rebound; Bengaluru in Highest Demand, Followed by NCR
2 years, 8 months ago

Office Space Leasing Sees Rebound; Bengaluru in Highest Demand, Followed by NCR

News 18  

With the number of COVID-19 cases coming down, demand for offices has started making a swift return with office space leasing registering a 25 per cent year-on-year jump during January-March 2022 to 10.8 million square feet. State-wise, Bengaluru maintained its top position leasing 3.5 msf of office space which was a rise of 5 per cent year-on-year. “The first quarter …

'The Address' eyeing giant expansion in 2022
2 years, 11 months ago

'The Address' eyeing giant expansion in 2022

Hindustan Times  

The co-working and managed office spaces sector is emerging as the fastest-growing asset class within the conventional office space sector across the metro and megacities in India. 'The Address' Tapping the immense potential of the co-working space sector, 'The Address' has recently taken a giant leap that further strengthens its position in this rapidly growing business in India. 'The Address', …

Office Space Demand Up By 50% in 2021 as Tech Firms, Startups Recruit More Employees
2 years, 11 months ago

Office Space Demand Up By 50% in 2021 as Tech Firms, Startups Recruit More Employees

News 18  

New Delhi, Jan 23 Demand for office space in Delhi NCR region has grown 50 per cent year-on-year in 2021, majorly due to strong absorptions by startups and technology firms, said global real estate consultancy firm Colliers. Flight to quality is driving occupiers’ real estate strategy and Noida Expressway, Golf Course Extension Road and DLF Cybercity drove the bulk of …

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