Cushman & Wakefield

Leased office space may rise 14% across 8 cities in CY22 : Cushman report

The demand for office space may rise 14 per cent this year to 60 million square feet across eight cities, mainly driven by strong rebound in Indian economy and aggressive hiring plans in IT/ITeS sector as well as startups, according to real estate consultant Cushman & Wakefield. As per the data, the gross leasing of office space across eight major cities increased to 52.57 million square feet in 2021 from 49.42 million square feet in the preceding year. The eight cities are Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Pune, Hyderabad and Ahmedabad. "India's journey towards a sizable USD 5 trillion economy holds within itself a plethora of opportunities for growth of commercial office market," said Badal Yagnik, MD, Tenant Representation, India, Cushman & Wakefield. He pegged annual leasing activity over the next two years at close to 60 million square feet each. "Key triggers driving this growth are a fast-growing economy, significant expansion foreseen in the ...

Developers continue to offer incentives to attract homebuyers: Anshul Jain

Office vacancies will rise in the interim owing to some new supply hitting the market in the second half of the year, says MD (India & South East Asia), Cushman & Wakefield

MNC office space leasing for R&D rose five-fold in 2014-19 period: Report

Gross office space leasing by multi national companies to set up R&D centres across major Indian cities stood at 14.13 million sq ft in 2019, a nearly five-fold jump from 2014, as the country remains an attractive destination for global outsourcing, according to Cushman & Wakefield. The property consultant has recently released its report titled 'Global Capability Centers -- Making India the Cradle of Global R&D' that analyses the Indian 'Global Capability Centers (GCC)' industry, its evolution over the years and key growth drivers. During 2014, only 3.15 million sq ft of gross office space was leased by captive or GCCs, contributing 8 per cent of the overall gross leasing. The number, however, jumped to 14.13 million sq ft during 2019. The share of captive centers in the overall office demand has risen to 20.9 per cent during 2019 from a mere 8 per cent in 2014, the consultant said in a statement. "The captives, Global In-house centers (GICs) or Global Capability Centers .

Cushman & Wakefield appoints Rajesh Sharma as Managing Director

Property consultant Cushman & Wakefield today said it has appointed Rajesh Sharma as the Managing Director for its Integrated Facility Management (IFM) and Asset Services. Sharma will provide strategic leadership to both IFM and Asset Services teams in strengthening client relationships and enhancing property-level performance, the company said in a statement. Commenting on the appointment, Cushman & Wakefield MD India Anshul Jain said: "With him on board, Cushman & Wakefield will be in a stronger position to help clients achieve optimum performance in their portfolios." Sharma brings with him a background of association with leading national and multinational corporations such as WNS, Genpact and Daewoo Motors, amongst others.

Churn at the top in Cushman & Wakefield

Sources said the merger between Cushman & Wakefield and DTZ was also responsible for the churn

Budget housing launches double in H1, says report

Mumbai saw the highest number of total launches in the first half of 2016, with around12,000 units added to the stock