Page 4 - Cbre

Tech, engineering, manufacturing firms lead office space in Chennai: Report

As per the latest office report 'CBRE India Office Figures Q1 2022', the total office leasing for the quarter (ending March 31, 2022) was at 2.3 million square feet in Chennai

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

CBRE's Anshuman Magazine on real estate's future

In an interview with Business Standard's Nivedita Mookerji, Anshuman Magazine of CBRE South Asia shares why he sees robust growth for the sector which was hit hard by the pandemic

31% of total offices in top 6 cities certified as green buildings: Report

31% of total office spaces in six major cities have been certified as green buildings, as real estate developers are focusing more on sustainability aspects in their projects, according to CBRE

Gross office space leasing up 16% in 2021 across top 9 cities: CBRE

Gross office space leasing across nine major cities rose 16 per cent to 41.1 million square feet during the last year, driven mainly by higher demand in Hyderabad, real estate consultant CBRE said on Friday. Office space leasing or absorption stood at 35.4 million square feet during 2020, while the new supply was 42.1 million square feet. Releasing its office report 'CBRE Figures', the consultant said Bengaluru, Hyderabad, and Delhi-NCR together account for 70 per cent of the leasing activity. "The physical office would be more effective for occupiers in India in supporting employee engagement, collaboration, team productivity and innovation, relative to remote working," said Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE. While office utilisation rates across cities would fluctuate in tandem with infection rates owing to new variants (Omicron), he believed that occupiers would encourage employees to come back to offices, with their ...

Office space leasing falls 4 pc to 25 mn sq ft during Jan-Sep: CBRE

Office space leasing dropped four per cent to 25 million square feet during January-September this year across six major cities due to adverse impact of the second wave of the COVID-19 pandemic, according to CBRE. In its report 'India Market Monitor Market' for the third quarter of the calendar year 2021, CBRE said 13.5 million square feet space was leased during the July-September quarter, up 140 per cent from the previous quarter. "Space take-up of 25 million square feet recorded in 2021 YTD (year-to-date), a marginal drop of 4 per cent year-on-year," the consultant said. Nearly 34.3 million square feet of supply addition witnessed in 2021 YTD, marginally up four per cent year-on-year, it said. Anshuman Magazine, chairman and CEO (India, Southeast Asia, Middle East & Africa) of CBRE, said, "India's real estate market has proven to be resilient over the last year. The overall outlook for the Indian real estate continues to be positive back of an accelerated vaccination drive, ...

Industrial, logistics space leasing clocks 13% rise in Jan-Jun: CBRE report

Leasing of industrial and logistics spaces recorded about 13 per cent to 14 million square feet during the January-June 2021 period in eight major cities, on better demand, according to property consultant CBRE. In its latest report, India Industrial and Logistics Market Monitor for H1, CBRE South Asia said that new supply increased five per cent to 11 million square feet (sqft) in the January-June 2021 period compared to the second half of the calendar year 2020. "Leasing activity touched 14 million sq ft in H1 2021 (January-June), a half-yearly growth of more than 13 per cent," the report said. Delhi-NCR and Bengaluru dominated leasing activities and accounted for about 50 per cent of the space absorption in H1 2021. Medium- to large-sized deals (more than 50,000 sq ft) dominated leasing with a share of about 62 per cent during H1 2021, it added. Third-party logistics (3PL) and e-commerce & retail players were major demand drivers. On new supply, Chennai accounted for about ...

Cold storage real estate stock rises up to 1,500 mn sq ft by 2023: Report

The rising demand for food and groceries on e-commerce platforms will fuel the growth in the cold storage business, property consultant CBRE has said

Space leasing by co-working players dip 40% to 2 mn sq ft in Jul-Sep: CBRE

The US-based CBRE Group, a Fortune 500 and S&P 500 company, is the world's largest commercial real estate services and investment firm (based on 2017 revenue).

Leasing of warehousing spaces jumps 31% in 8 major cities in H1FY19

Mumbai, Chennai, and Bengaluru accounted for more than 60% of leasing activity

Bengaluru among 10 APAC cities attracting most foreign investments: Report

The first REIT by Embassy Group and Blackstone Group LP was launched in India in March this year, which raised Rs 4,750 crore

Property consultant CBRE to hire 3,000 employees in India for expansion

At present, CBRE India has around 8,300 employees who provide various services in the real estate sector

Organised retail offers $80 bn opportunity: CBRE

Organised retail sector, estimated to reach 18-20% of the total sector by 2020

Over 80% young urban Indians live with parents: CBRE

While for Indian Millennials, investment is the key driver at 35% for buying property, in China it is stability at 69%

Office space absorption up 46% at over 10.2 mn sq ft: CBRE

NCR and Bengaluru accounted for almost 50% of the total space take-up in April-June quarter