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Leasing of commercial office space in six Indian cities in H1 2021 fell 22 per cent year-on-year (Y-o-Y) to 10.1 million sq. feet, said a report Thursday.
Covid-19 infections and slow vaccinations have resulted in people waiting out rest of the year 2021 before leasing or renewing leases on their existing offices, said property consultancy Colliers in a report.
“Though South India markets may have witnessed a drop in Y-O-Y leasing, we are confident in the markets’ resilience to bounce back in H2 of 2021 as markets begin opening. South India remains a favourable market for technology occupiers who continue
