Page 2 - Office Leasing

WeWork goes public through SPAC, 2 years after failed IPO attempt

The office-leasing company scrapped plans for an IPO in 2019 after investors' concerns over its business model and corporate governance and its founder and former CEO Adam Neumann

Samsung leases 357K sq ft Noida Brookfield floors for Rs 2 cr/month

This is one of the biggest office leasing deals in the technology space in recent years

'Work near home' lifts corporate leasing of co-working spaces by 73% in H1

Companies are looking at managed spaces for the triple benefits of cost savings, lease flexibility and the hybrid/hub-spoke model of working that they offer

Gross leasing of office space down 22% across 6 cities in Jan-June

Gross leasing of office space declined by 22 per cent year-on-year across six major cities during January-June this year to 10.1 million sq ft due to lower demand amid Covid-19 pandemic

Office leasing down 22% in H1 2021 as demand catches Covid-19 bug: Report

Covid-19 infections and slow vaccinations have resulted in people waiting out rest of the year 2021 before leasing or renewing leases

Net office leasing in top cities up 32% YoY to 4.39 mn sq ft in June qtr

Sequentially, there was a 16% dip due to intermittent lockdowns across the country in Q2

Office leasing in 2021 may remain flat or grow slightly in 7 cities: JLL

JLL India, part of US-based real estate consultancy firm JLL, is one of the leading property consultants in India with dominance in commercial leasing and facilities management businesses.

Developers likely to face tough time in office leasing, says study

About 90 million square feet of lease renewals coming up this year, says a report by Anarock

Office leasing in 7 cities falls 48% in January-March, says report

Net leasing of office space fell 48 per cent during January-March across seven cities due to the COVID-19 pandemic, but demand for the flexible space from corporates has increased, according to Cushman & Wakefield. In its latest quarterly report, property consultant Cushman & Wakefield said the net leasing of office space declined to 35,78,585 sq ft in January-March 2021 from 69,31,922 sq ft in the corresponding period of the previous year across seven major cities. The flexible space leased by corporate clients increased to 15,523 seats during the first quarter of this calendar year from 10,690 seats in the year-ago period. "A sharp jump indicates that occupiers are relying on managed space as a smart alternative in the current situation," it said. According to the data, the net leasing of office space in Mumbai plunged to 2,01,642 sq ft during January-March 2021, from 8,82,693 sq ft in the corresponding period last year. In Delhi-NCR, the net office absorption fell to ...

Embassy Reit to invest Rs 2,300 cr to develop 5.7 mn sq ft office space

Says it sees an opportunity in the drop in overall supply in Bengaluru due to liquidity crunch

Chennai tops in leased manufacturing space absorption in India: JLL

India's leased manufacturing space absorption was at 6.6 mn sq ft in 2020. Chennai, Pune and Delhi NCR topped with three-fourths of leased manufacturing space deals in 2020

WeWork losses mount but 'seismic shift' in office use seen helping recovery

WeWork's revenue declined in the third quarter but its cash burn slowed, a company memo showed, with management confident it can weather the hit to the office sector from Covid-19

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

Office leasing may slip 30% in 2020; rentals to stay stable: JLL India

On residential real estate, JLL India CEO said the housing sales have improved of late but it was only 30 per cent of the pre-Covid-19 level

Office leasing increases by 36% to 31.8 million sq ft in H1 this year: CBRE

According to the data, Bengaluru, Hyderabad, NCR and Mumbai accounted for about 80 per cent leasing of office space during the first six half of this calendar year

Mumbai, Bengaluru see spurt in office leasing by co-working companies

The leasing of co-working space went up about 2.4 times to 550,000 sq ft in Mumbai in 2017 from 160,000 sq ft in 2016

Office leasing by information technology companies rising in tech hubs

The share of IT firms in office leasing in Noida has shot up from 59 per cent in 2016 to 64.17 per cent in 2017

Office leasing down 25%

Slow pace of project execution attributed as the reason behind decline

Office leasing in Q3 up by 2% in Delhi, Mumbai, four other cities: CBRE

Higher demand from corporates based in Europe, West Asia and Africa triggered a marginal increase in leasing activity, says report