Office leasing up after Covid waves, IT sector leads in occupancy: Reports

Bengaluru leads in lease transactions and it is followed by Delhi-NCR, Mumbai, and Chennai

Office leasing in the country increased in the first half of this year as coronavirus cases waned and corporate employees started stepping out of their homes, said three reports on Tuesday.

The return-to-office is across sectors and led by Information Technology (IT), banking financial services and insurance (BFSI), and consulting industries.

Knight Frank’s 'India Real Estate H1 2022' report shows a 107 per cent year-on-year (YoY) rise in transactions in office market for the first half of 2022 at 25.3 million square feet (msf). The second quarter of April-June alone posted a 35 per cent growth, with 14.6 msf of