January 2, 2024: The Indian office sector recorded the highest gross lease volume (GLV) across top eight cities in the fourth quarter of 2023 at 27.4 million square foot (msf), a 84% growth than … READ FULL STORY
Net absorption is the change in leased space in a specified commercial market or locality, between the current time period and the last specified period. Net absorption is basically the difference between the commercial … READ FULL STORY
The commercial property market in Pune remained quite buoyant in 2021. While net absorption was well-spread over all the four quarters of 2021, new completions were mostly concentrated in the first and fourth quarters. … READ FULL STORY
Kolkata’s commercial real estate market showed limited vibrancy in 2021. There was a little action in Grade A office construction and net absorptions. There were no new completions in the first three quarters of … READ FULL STORY
Delhi NCR is one of the biggest commercial real estate markets in India with many Fortune 500 companies having their Indian headquarters here. There are many important sub-markets in the Delhi NCR region like … READ FULL STORY
The pre-leasing commitments in Hyderabad was largely intact in 2021 and even the downsizing activity, undertaken by corporates, has been limited. Corporate occupiers are holding on to office spaces, as they believe that occupancies … READ FULL STORY
The commercial real estate market in Bengaluru showed signs of maturity in 2021 and there were a lot of pre-commitments that were honoured, in spite of the various challenges posed by the COVID-19 pandemic. … READ FULL STORY
With better understanding of the expectations of the employees and greater adoption of the hybrid format of workplace best suited to their organisation, employers countrywide have reworked their office space strategies and taken a … READ FULL STORY
Owing to a decline in supply of good quality office space, the net absorption in 2018 is likely to be much lower, as compared to 2017 and 2016, according to a recent survey by … READ FULL STORY
