Commercial realty will see lower rents, emergence of new tenants this year

There are reports of large tech firms looking at downsizing office space

While last year was a record year for commercial office space developers with the absorption of 60 million square feet, the present one is geared for reduced rentals, new projects being deferred, and the emergence of new office tenants.

With IT majors such as Infosys, TCS going for a work from the home norm for a significant number of employees, fresh take-up of office spaces could be low, say experts​, adding that the only exceptions may be companies that are e-commerce ​players and those who are ​dealing essential products ​and their ​supply chain​.​ In recent times, players like Amazon and