Office Market to Soften This Year, Residential Market to see an Upswing in H2 2020: Colliers International India

/ -- After gross absorption touched a new high in 2019, office leasing is expected to see some softening in 2020. Colliers believe the residential sector, which has been experiencing a prolonged slowdown, should see some respite in the latter half of 2020.

"Colliers recommends occupiers to focus on optimizing office space by studying user patterns, and by incorporating a flex and core model that suits their business needs. Flexible workspace operators should maintain a tight ship on operations and finances, as investors become more stringent with due diligence," says Sankey Prasad, Managing Director & Chairman at Colliers International India.

As per Colliers International India's latest report India Market Outlook 2020, the top 5 trends that will impact the real estate sector are:
1. Space Efficiency: Focus of Occupiers
2. New age workspaces to gain traction
3. Flexible workspaces to see consolidation
4. Residential sector to pick up in latter half of 2020
5. Investments to rise in opportunistic assets and logistics segment
To download the report, click here: https://campaigns.colliers.com.au/s/c80c9142ffe0fea55a0874c9251e25d9bdf02223
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