News articles tagged Office Space Absorption

Gurgaon Office Space Absorption Hits 5-Year High in 2024

Gurgaon's commercial real estate sector rebounded strongly in 2024, with office absorption reaching a 5-year peak driven by IT/ITeS demand, fintech growth, and e-commerce expansion.

Office space demand trends, Property consultants differ

Global property consultants are presenting conflicting reports on India’s office space demand, creating confusion among industry experts regarding market trends.

Oracle India to lease office space in BKC

Oracle India signs lease for 50,000 sq. ft. office space in Bandra Kurla Complex, Mumbai, at Rs. 340/sq. ft. for 9 years, valued at Rs. 183.6 Cr.

Office Space Demand to Increase in 2013: DTZ

Office space demand in India is projected to reach 30.5 million sq. ft. in 2013, a 12% year-over-year increase, driven by improving global economy, increased FDI, and revised repo rates.

Office Space Absorption to Grow By 68% This Year: JLL

Jones Lang LaSalle India predicts a 68% increase in office space absorption this year, driven by suburban expansion.

Commercial realty hit by weak office space absorption

Commercial real estate faces challenges due to a decline in office space absorption by IT firms across India's top eight cities. This slowdown impacts both demand and supply.

Foreign retailers to drive the demand for office space

The demand for office space in India is set to rise as foreign retailers like Starbucks and H&M expand their operations in major cities.

Domestic Demand Drives the Growth of Tier-2 Cities

Tier-2 cities in India drive growth through stabilized domestic demand for residential and commercial properties.

Bangalore Sees Lower Office Space Absorption as IT Demand Falls

Office space absorption in Bangalore fell by 24% in 2012 compared to 2011 due to weaker demand from the IT and ITeS sectors, impacted by the global economic slowdown.

Real Estate Witnesses Stable Office Space Demand in Pune

Pune's office space demand remains largely stable, driven by IT and ITES sectors. Experts anticipate absorption to reach 4 million sq. ft. by year-end, with CBD areas seeing rental increases.

Commercial Real Estate Office Space Demand Regains Pace

Commercial real estate demand rebounded in India during Q3 2012. Bangalore led office space absorption, followed by Hyderabad and Mumbai. Rental markets remained stable.

Growing Service Sector Enhances Commercial Real Estate

India's booming service sector fuels demand for commercial real estate, particularly in major cities. Despite economic slowdowns, IT, BFSI, and other service industries show strong growth, driving office space absorption to new heights.