Page 3 - Office Space

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

Local PEs face challenges in raising funds to invest in office properties

According to sources, two fund managers have shelved the plans to launch funds for office projects

Blackstone, GIC, Brookfield hold more ground in office space segment

Developers sell to repay debt, monetise for growth

Office space yields fall in major hubs of metros as values rise

Lower yield is better for property landlords, it indicates appreciation in capital value of property

Office space absorption up 46% in June quarter

50 per cent of the total space taken up by NCR & Bengaluru in Apr-Jun quarter

Office space leasing fell 26% in Jan-Mar at 5 mn sq ft: CBRE

Almost 47% of the leasing activity in the quarter was concentrated in IT developmen