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Office demand jumps 92% in Oct-Dec in top 6 cities; workspace leasing rises 16% in 2023, reports Colliers

Office demand jumps 92% in Oct-Dec in top 6 cities; workspace leasing rises 16% in 2023, reports Colliers

Sun, Dec 24, 2023

Real estate consultant Colliers India report shows that gross leasing of office space stood at 20.2 million square feet in the fourth quarter of this calendar year from 10.5 million square feet in the year-ago period.

Bengaluru sees 28% fall in office demand in Jul-Sep; new supply to dips 25%, reports Vestian

Bengaluru sees 28% fall in office demand in Jul-Sep; new supply to dips 25%, reports Vestian

Mon, Nov 20, 2023

In Bengaluru, the absorption of office space fell 28 per cent year-on-year to 3.6 million square feet during September quarter 2023 from 5 million square feet in the year-ago period.

Green-certified office space stock up 36% across top 6 cities since 2019: CBRE-CII report

Green-certified office space stock up 36% across top 6 cities since 2019: CBRE-CII report

Wed, Sep 27, 2023

Real estate consultant CBRE and industry body CII on Wednesday released its report titled, 'Indian Real Estate: Taking Giant Strides - 2023 Mid-Year Outlook' at CII Realty conference here. According to the report, green-certified office stock stood at 251 million square feet in 2019.

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Office space leasing falls 22% in April-June in top 8 Indian cities: Cushman & Wakefield

Office space leasing falls 22% in April-June in top 8 Indian cities: Cushman & Wakefield

Sun, Jul 02, 2023

In Mumbai, the gross office space leasing fell 9 per cent, while Chennai and Kolkata saw 41 per cent and 32 per cent declines, respectively.

Embassy REIT to invest Rs 850 cr to develop 1.9 mn sq ft office space in Bengaluru

Embassy REIT to invest Rs 850 cr to develop 1.9 mn sq ft office space in Bengaluru

Sun, Jan 30, 2022

Embassy Office Parks REIT will invest Rs 850 crore to develop nearly two million square feet office buildings in Bengaluru as the company remains bullish on demand for premium workspace.

Office space demand up by 50% on year-on-year basis in 2021, global real estate consultancy firm says

Office space demand up by 50% on year-on-year basis in 2021, global real estate consultancy firm says

Sun, Jan 23, 2022

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.

Outlook 2022: 7 emerging trends in office space industry

Outlook 2022: 7 emerging trends in office space industry

Thu, Dec 23, 2021

"Several companies across the globe had asked their work force to work from home and increasing number of people now want a mixture of working from home and going back to the workplace."

Office leasing up 34 % in July-Sep in 6 cities; down 1 % in Jan-Sep: Colliers

Office leasing up 34 % in July-Sep in 6 cities; down 1 % in Jan-Sep: Colliers

Thu, Oct 21, 2021

The gross leasing of office space rose 34 per cent year-on-year to 10.3 million square feet during the July-September period in six major cities on higher demand from corporates and coworking operators after the second wave of the COVID pandemic.

Real estate alert! Will Covid-19 pandemic impact office space demand? Here is what experts predict

Real estate alert! Will Covid-19 pandemic impact office space demand? Here is what experts predict

Tue, May 26, 2020

As Covid-19 pandemic cases continue to rise, people are locked down inside their homes and prefer to work from home. Will this impact office space demand?

Office space supply up 46 pct in January-March at 13.4 mn sq ft in 9 top cities: CBRE

Office space supply up 46 pct in January-March at 13.4 mn sq ft in 9 top cities: CBRE

Thu, Apr 18, 2019

The increase in supply was because of rising demand of office space in Hyderabad, which for the first time overtook Bengaluru, at 3.5 million sq ft in the January-March period of 2019.

Real estate buzz: Hyderabad beats Bengaluru in office space leasing in the first quarter of 2019

Real estate buzz: Hyderabad beats Bengaluru in office space leasing in the first quarter of 2019

Wed, Apr 17, 2019

Real estate, especially the office space leasing in Hyderabad has been buzzing because it has trumped Bengaluru in taking up space in Jan-March 2019 quarter.

Office space leasing flat at nearly 13 mn sq ft in Jan-Mar; Hyderabad overtakes Bengaluru: CBRE

Office space leasing flat at nearly 13 mn sq ft in Jan-Mar; Hyderabad overtakes Bengaluru: CBRE

Wed, Apr 17, 2019

Office space leasing in Hyderabad rose to 3.5 million sq ft during January-March 2019 from 1.1 mn sq ft in the year-ago period. However, Bengaluru saw a sharp decline in absorption space to 2.5 million sq ft from 5.5 million sq ft during the period under review.

Have a business? This is why you need to be in a co-working space

Have a business? This is why you need to be in a co-working space

Mon, Feb 25, 2019

There are no large companies shifting into these smaller spaces, but as far as SMEs and entrepreneurs are concerned, there is no argument against the fact that small is the best for them as they look to scale up their businesses.

What drove office leasing space in 2018?

What drove office leasing space in 2018?

Tue, Jan 22, 2019

Office leasing activity is expected to remain stable in the short term, backed by corporates looking to expand or consolidate their operations, property consultant CBRE said in a report. It highlighted the fact that co-working and tech firms drove office leasing space in 2018.

Real estate: Commercial office space absorption growth trebles in a year

Real estate: Commercial office space absorption growth trebles in a year

Fri, Dec 14, 2018

Net absorption in commercial office segment across India will exceed 39 mn sq feet by 2020 on the back of strong supply pipeline and stable vacancy levels, a JLL and Confederation of Indian industry report said

Demand spikes, office space leasing soars

Demand spikes, office space leasing soars

Thu, Jul 19, 2018

Driven by higher demand from e-commerce companies and co-working operators, over 20 million square feet of office space was leased in the first six months this year, according to CBRE. The segment logged a 10% growth in January-June.

Office space leasing hits record 11 million square feet in January-March

Office space leasing hits record 11 million square feet in January-March

Thu, Apr 12, 2018

Due to strong economic fundamentals, constantly improving the business environment and efforts to improve infrastructure, office space leasing across India's top eight markets touched an all-time high in the first quarter of the year.

Office leasing flat in 2017; rental up 3%

Office leasing flat in 2017; rental up 3%

Sun, Jan 14, 2018

Office space absorption stood at 41.6 million sq ft in 2016, the consultant said in its latest report

Residential sales in H2 2017 were 19% better than H2 2016: Knight Frank

Residential sales in H2 2017 were 19% better than H2 2016: Knight Frank

Wed, Jan 10, 2018

For the first time in this decade, Mumbai witnessed a decline in quoted prices. The weighted average prices were down 5% YoY in 2017.

Grade A office space worth nearly 10 million sq ft absorbed in Q3: Report

Grade A office space worth nearly 10 million sq ft absorbed in Q3: Report

Sun, Oct 30, 2016

Nearly 9.6 million square feet Grade A office space was absorbed during the July-September quarter of this year, a report said.

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