Investors look to US office space, Indian warehouses amid Covid-19

Thanks to Covid disruptions, office and shopping mall rentals are no longer attractive

Domestic business houses and high net worth individuals (HNIs) are betting big on investing in warehousing in India and office space in the United States to hedge the risks in their real estate portfolio that have emerged from Covid-19.
 
Domestic office rentals, in which HNIs put in the bulk of their money, are now under severe pressure. As work-from-home becomes the norm, companies are trimming real estate requirements to cut costs. Yields on rentals from shopping malls have also dropped sharply as a result of frequent closures during lockdowns and curfews, especially during the second wave.
 
Vishal Ahuja,