New lease of life for commercial realty after third wave-induced blip

An important factor in this rise in demand for office spaces is the waning of the work-from-home (WFH) narrative

Commercial real estate spaces such as offices and malls are back in demand after a minor blip caused by the third wave of Covid-19, according to industry players and analysts. As the threat of the virus recedes due to acquired immunity and the vaccination drive, many offices are preparing to return to normalcy, although the hybrid model is here to stay, they add.

“The interest from occupiers is high to lease new and more spaces now that the pandemic is ebbing, according to government directives as well as indications from global health agencies. We expect leasing activities to rise by