Office Rentals

Retailers Association of India says retail market size is expected to touch $2 trn by 2032; also, retail sales surpassed pre-pandemic and grew by 19% in 2022

Twitter CEO Elon Musk on Sunday said that office rentals in San Francisco will further drop, as the city is reeling under the pressure after massive tech layoffs and company offices being shut

As per the data, transaction volumes for offices have gone up but the rental levels have also stabilised or grown in YoY and sequential terms across all markets.

Average monthly office rentals rise across cities, highest in NCR and Hyderabad at 5%

Office rentals in Delhi-NCR rose by an average of 8 per cent in the first six months of this year, according to property consultant Savills India. In its latest report 'India Market Watch Office H1 2022', Savills mentioned that the Delhi-NCR witnessed gross absorption of 5.6 million square feet in H1 (January-June) 2022, up by 194 per cent from H1 2021. "Unlike H1 2021, which saw almost equal share in the leasing activity from Gurugram and NOIDA, the first half of 2022 witnessed varied leasing activities from these two regions," the report said. Gurugram contributed to around 64 per cent of the overall absorption in Delhi-NCR, while Noida had only 34 per cent share. Overall, absorption in Delhi went down from 4 per cent in H1 2021 to 2 per cent in H1 2022. "Average rentals in the city have increased by 8 per cent year-on-year (Y-O-Y). MG Road & Gurugram micro markets reported the highest appreciation in rents with 20 per cent and 15 per cent Y-O-Y respectively," the report ...

While there has been a significant decline in sales sequantially and annually, rents are holding in top markets, says one study

While 2019 saw a record office absorption of 42 million square feet in top cities, this year, it is expected to come down to 30 million sq ft and additional leasing is expected to come down sharply

Corporates will create greater ability to work from home globally. Work from home can take away 5-10 per cent of office demand, says CEO Nair

Delhi-NCR's share in total net office space leasing and new supply across seven major cities stood at 23 per cent and 26 per cent, respectively

According to a study titled 'Asia-Pacific Prime Office Rental Index Q3 2019' by property consultant Knight Frank, the National Capital Region (NCR) would see stable growth in rentals

Office rentals in Hyderabad rose to Rs 56.20 per sq ft from Rs 51.50, while in Pune rents increased to Rs 68.17 from Rs 64.81. The city has seen 4 million sq ft leasing of Grade A space

Thanks to start-up boom, the city saw highest annual growth in rental value

In Mumbai, the range of rentals in office space is also higher than other cities

Bengaluru posts 7% gain in office rents in second quarter: Knight Frank

If an area has sound infrastructure, is well connected and is attracting high-profile tenants, you may invest in a commercial office space there

Sustained interest from IT/ITeS sector has increased rentals in Bengaluru's business district by 4%