Office leasing up 97% YoY in Jan-March, Omicron impact muted: CBRE

While several IT firms have shifted to a permanent 'work from anywhere' model for their staff, leasing activity was driven by tech companies, with a 34% share

Even as work from home continues as the new normal, office leasing activity in India grew by 97 per cent on a year-on-year basis in the first quarter (January-March) of  the calendar year 2022, says a report by real estate consultancy firm CBRE.

While a multitude of IT firms have shifted to a permanent ‘work from anywhere’ model for their employees, leasing activity was driven by tech (technology) corporates in the first quarter with a 34 per cent share.

This was followed by BFSI (Banking, Financial Services, and Insurance) firms (17 per cent), flexible space operators (13 per cent), engineering & manufacturing