Page 4 - Office Leasing

Office leasing rises 2.5 fold in Apr-Jun across 6 cities: Colliers India

Gross leasing of office space jumped over 2.5 fold annually in April-June across six major cities at 14.7 million square feet on lower base effect and rise in demand from corporates

Tech, BFSI firms account for 51% of office leasing in Jan-March: Report

Technology companies and BFSI (Banking, Financial Services and Insurance) firms are driving office space demand with contribution of 51 per cent to the total leasing in the segment during January-March period of this calendar year across eight major cities, property consultant CBRE said in a report on Thursday. In its latest report 'CBRE India Office Figures Q1 2022', CBRE South Asia Pvt Ltd said that the office sector in India continued to witness a robust recovery in Q1 2022 as leasing activity grew by 97 per cent year-on-year to touch 11.4 million square feet. "Technology corporates drove leasing with a share of about 34 per cent, followed by BFSI firms (17 per cent), flexible space operators (13 per cent), engineering & manufacturing (12 per cent) and research, consulting & analytics firms (11 per cent)," CBRE said. Bengaluru, Chennai and Delhi-NCR dominated absorption during the quarter, accounting for almost two-thirds of the transaction activity. "With the government's .

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

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

Housing sales rise 51% in top 8 cities in 2021; office leasing down 3%

Housing sales across top eight cities rose 51 per cent last year, even as the office market continued to slump due to the COVID pandemic with gross leasing witnessing a 3 per cent fall

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, ...

We've distributed Rs 4,800 cr over past 10 quarters: Embassy REIT Dy CEO

In a Q&A, Vikaash Khdloya talks about how demand is reviving in the office space segment as it comes out of the pandemic hit

WeWork goes public through SPAC, 2 years after failed IPO attempt

The office-leasing company scrapped plans for an IPO in 2019 after investors' concerns over its business model and corporate governance and its founder and former CEO Adam Neumann

Samsung leases 357K sq ft Noida Brookfield floors for Rs 2 cr/month

This is one of the biggest office leasing deals in the technology space in recent years

'Work near home' lifts corporate leasing of co-working spaces by 73% in H1

Companies are looking at managed spaces for the triple benefits of cost savings, lease flexibility and the hybrid/hub-spoke model of working that they offer

Gross leasing of office space down 22% across 6 cities in Jan-June

Gross leasing of office space declined by 22 per cent year-on-year across six major cities during January-June this year to 10.1 million sq ft due to lower demand amid Covid-19 pandemic

Office leasing down 22% in H1 2021 as demand catches Covid-19 bug: Report

Covid-19 infections and slow vaccinations have resulted in people waiting out rest of the year 2021 before leasing or renewing leases

Net office leasing in top cities up 32% YoY to 4.39 mn sq ft in June qtr

Sequentially, there was a 16% dip due to intermittent lockdowns across the country in Q2

Office leasing in 2021 may remain flat or grow slightly in 7 cities: JLL

JLL India, part of US-based real estate consultancy firm JLL, is one of the leading property consultants in India with dominance in commercial leasing and facilities management businesses.

Developers likely to face tough time in office leasing, says study

About 90 million square feet of lease renewals coming up this year, says a report by Anarock

Office leasing in 7 cities falls 48% in January-March, says report

Net leasing of office space fell 48 per cent during January-March across seven cities due to the COVID-19 pandemic, but demand for the flexible space from corporates has increased, according to Cushman & Wakefield. In its latest quarterly report, property consultant Cushman & Wakefield said the net leasing of office space declined to 35,78,585 sq ft in January-March 2021 from 69,31,922 sq ft in the corresponding period of the previous year across seven major cities. The flexible space leased by corporate clients increased to 15,523 seats during the first quarter of this calendar year from 10,690 seats in the year-ago period. "A sharp jump indicates that occupiers are relying on managed space as a smart alternative in the current situation," it said. According to the data, the net leasing of office space in Mumbai plunged to 2,01,642 sq ft during January-March 2021, from 8,82,693 sq ft in the corresponding period last year. In Delhi-NCR, the net office absorption fell to ...

Embassy Reit to invest Rs 2,300 cr to develop 5.7 mn sq ft office space

Says it sees an opportunity in the drop in overall supply in Bengaluru due to liquidity crunch

Chennai tops in leased manufacturing space absorption in India: JLL

India's leased manufacturing space absorption was at 6.6 mn sq ft in 2020. Chennai, Pune and Delhi NCR topped with three-fourths of leased manufacturing space deals in 2020

WeWork losses mount but 'seismic shift' in office use seen helping recovery

WeWork's revenue declined in the third quarter but its cash burn slowed, a company memo showed, with management confident it can weather the hit to the office sector from Covid-19

Fuelled by demand in southern markets, office leasing rises 64% in Q3CY20

On a yearly basis, the absorption of space has fallen 50 per cent from 10 million sq ft in Q3CY19 to 5.4 million sq ft in Q3CY20