Office leasing activity could cross 50 mn sq ft in 2022: Colliers report

Office absorption has already touched 40.6 million sq ft during the first three quarters of Calendar 2022, up two fold over the same period last year, which was marked by Covid-19 induced lockdowns

Despite the emerging trends in the co-working and hybrid spaces, office leasing activity is witnessing a spurt in demand. The year 2022 is likely to emerge as the best in terms of office space leasing as absorption is likely to cross 50 million sq ft across the top six cities, said a report by Colliers.

As the ill-effects of the pandemic recede, occupiers are more optimistic about leasing space as office activities increase.

Office absorption has already touched 40.6 million sq ft during the first three quarters of Calendar 2022, up two fold over the same period last year, which