Page 5 - Office Space

Office space supply in the top metros likely to drag down absorption

Supply may be double of demand by fiscal 2022-2023

Institutional investments record a sharp rebound in 2020, shows data

While more than half of the Rs 36,500-crore investment materialised in the last quarter, limited number deals indicate a narrow-based recovery so far.

Quarterly absorption of office space reaches Q1 levels in Q4CY2020

Hyderabad led the pack with the highest net absorption in Q4CY2020

Office leasing in top 6 cities plunges to 27.4 mn sq ft in 2020: Report

Office space absorption across six major cities in India fell over 50 per cent in 2020, according to a Savills India report

YES Bank takes on lease 62,500 sq ft office space in Noida from Max group

Max group's realty arm Max Estates on Thursday said it has leased 62,500 sq ft of office space to Yes Bank in its commercial project in Noida, Uttar Pradesh. Max Estates is a subsidiary of Max Ventures & Industries Ltd (MaxVIL). In a statement, the company said it has leased about 62,500 sq ft at its commercial project 'Max Towers' in Noida to Yes Bank, which plans to relocate its offices from the Central Business District (CBD) to the new location to rationalize cost. During the last six months, Max Estates has also leased around 25,000 sq ft to Indian Energy Exchange (IEX) Ltd. "The demand for Grade A office spaces has been growing in Noida mainly due to relatively high rentals in Delhi and Gurugram's established office space locations and emerging supply of better quality assets," MaxVIL Managing Director Sahil Vachani said. Max Estates has so far leased around 3,90,000 sq ft at Max Towers, which is located on the Delhi Noida Directway (DND). The company did not share the per .

Coworking player Simpliwork takes 250,000 sq ft leased office space in Pune

Company has delivered 1.2 mn sq ft to clients so far post Covid

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

Covid-19 lockdown impact: Net leasing of office space down 73% in Apr-Jun

Net leasing of office space plunged 73.4 per cent in the April-June period across eight major cities due to sharp fall in demand because of the COVID-19 pandemic, according to Cushman & Wakefield. Net absorption of office space stood at 37.15 lakh sq ft during April-June 2020 as against 139.85 lakh sq ft in the year ago period as corporates and coworking players deferred their expansion plans, the property consultant said. During the first half of 2020, the net office space leasing declined 57 per cent to 110.75 lakh sq ft from 255.48 lakh sq ft in the corresponding period of last calendar year. "The net absorption in the second quarter 2020 stands at 3.72 million sq ft, which is lower by 49.5 per cent on a quarterly basis and 73.4 per cent lower on a yearly basis as fresh transaction activity was muted during the quarter," C&W said in a statement. Also, cities like Delhi NCR and Bengaluru saw negative absorption which also pushed the overall net absorption downwards, it ...

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

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

DLF to invest Rs 13,000 cr to develop office spaces in Gurugram, Chennai

DLF has office spaces spread over 32 million sq.ft of area across Delhi NCR, Chennai, Hyderabad, Kolkata, and Chandigarh

Gross office space leasing up 25% in 2019 in 9 major cities: Report

Bengaluru, followed by Hyderabad, National Capital Region (NCR) and Mumbai dominated office leasing on an annual basis, accounting for almost 75 per cent of the overall leasing of office space

Office space leasing up 40 pc at record 46.5 mn sq ft in 2019: Report

New supply also rose 45 per cent to 51.6 million sq ft from 35.7 million sq ft, while vacancy reduced to 13 per cent

Office space absorption may touch record 42 million sqft this year: Report

At the same time, going by the new launches during H1 2019, which stood at 24.3 million sqft as against 21 million sqft in H1 2018

Xander Investment Management buys Rs 900-crore office property in Pune

The property named Weikfield IT-CITI Infopark is spread across 1.1 million square feet and has clients such as Maersk and WNS

Office space supply to double this year to 67.9 mn sq ft: Colliers report

Projection based on construction timelines of commercial projects, as indicated by developers across top seven cities

Office space leasing by co-working players rises 42% in Jan-Jun: Report

The report tracks residential and office markets of eight top cities -- Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad, Pune and Ahmedabad

BKC deal puts Blackstone far ahead of rivals in office property space

Blackstone owns more than double the size of office assets of DLF, the country's largest listed developer, which has 33 million square feet

Gross leasing activity in India touched 11 mn sq ft in Q1 of 2019: Colliers

/ -- Total gross leasing activity in India touched almost 11 million sq. ft. during the first quarter of 2019, as tech and IT companies continue to expand, along with the rapid expansionary mode of flexible workspaces. Occupiers continued to expand across cities led by a robust business ecosystem, undeterred by the upcoming General Elections. The leasing activity, although robust, declined by 10% from the corresponding quarter last year due to delay in quality supply in top markets such as Bengaluru, Hyderabad, Pune, etc. "Bengaluru accounted for the highest share in leasing (31%) followed by Mumbai and Chennai, which had a share of 19% and 14%, respectively. The southern cities continued to outperform, with leasing in Hyderabad doubling, while Chennai recorded a 60% jump in leasing. Companies are still in the expansion mode led by a robust business support ecosystem," said Ritesh Sachdev, Senior Executive Director, Occupier Services at Colliers International India. Tech & IT-BPM

Co-working firms, non-IT companies emerge as major office space occupiers

A look at the changing proportion of the co-working spaces to the total office leasing in each of the top six cities throws some interesting trends

New-age office architecture: Tradition gives way to collaborative workspace

Rows of tables and desks are being swapped for 'Breakout' spaces with vibrant furniture