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Office space
Office space News
Office space
01 Jul 2024
5 Trends Shaping Co-working And Managed Office Spaces In 2024
Conversely, co-working spaces offer shared environments where individuals from various companies work alongside each other. These spaces are typically more flexible, offering short-term memberships and opportunities for networking and collaboration among diverse professionals, and popular among funded startups, and small businesses due to their cost-effectiveness and community-centric atmosphere.
E-commerce
09 Jan 2023
Inspired by movie 'Office Space', engineer steals $300K from e-commerce site
The 1999 film depicts office workers stealing small sums of money by infecting their company's banking system with a virus to retaliate against corporate downsizing and terrible bosses.
Office leasing
07 Oct 2022
Net office space leasing jumps 2-fold in Jan-Sep 30.26 mn sq ft in 7 cities
Net leasing stood at only 14.63 million square feet in the corresponding period of the last year across seven major cities. With the opening up of the offices and the overall economy, the demand for workspace has bounced back.
real estate
01 Oct 2022
Office leasing up 97% in Jan-Sep in 6 cities; may hit record in 2022
Real estate consultant Colliers India expects absorption of office space to hit an all-time high in the 2022 calendar year. The previous high was seen in 2019 at 44.8 million square feet. Gross absorption does not include lease renewals, pre-commitments and deals where only a letter of intent has been signed.
Delhi NCR
04 May 2021
Delhi-NCR logs 5% growth in office space absorption in Jan-Mar amid COVID-19
Select big-ticket transactions in Gurugram and Noida contributed substantially to the leasing activity. There were few relocations by occupiers in a bid to reduce real estate costs and obtain fresh office spaces on attractive lease terms. IT and IT-enabled services, BFSI, healthcare, legal, and consulting firms dominated leasing during the quarter.
Coronavirus
19 Apr 2020
New office space supply down 32% in 8 major cities: Report
Bengaluru led the way with a 41.7 percent share of new supply, followed by Mumbai and Delhi NCR with 20.7 percent and 20 percent share, respectively, it added. The construction activity is expected to slowly resume upon lifting of the lockdown,it said.
Office space
16 Jan 2018
Office space absorption crossed 42 mn sq ft in 2017: CBRE
Annual supply for prime office space was over 29 million sq ft during the year, a decline of about 18 percent as compared to 2016.
CBRE
08 Oct 2017
Office leasing in Q3 up 2% in 8 cities at 10.4 millionn sq ft: CBRE
The co-working and shared office space formats are also gaining momentum and influencing the market to some extent, he added.
real estate
02 Oct 2017
Office space leasing feels demand pinch, falls 7% in Jan-Sep
However, the consultant has predicted that office leasing will remain stable at 32 million sq ft in 2017 on strong demand for commercial space during the fourth quarter.
Office space
09 Jul 2017
Office space leasing up 28% at 10 million sq ft in Apr-Jun: CBRE
Office space leasing rose 28 per cent in eight top cities to touch 10 million sq ft during April-June over the previous quarter as corporates continued to expand their operations, according to a CBRE India report.
IT
08 Jun 2017
IT-ITeS sector leases 10% more office space in 2016
Office space leasing by IT and ITeS companies rose by 10 percent last year at 16.81 million sq ft with Bengaluru and Hyderabad absorbing more than 50 per cent of this space, according to JLL India.
India real estate
29 Oct 2016
9.6 mn sq ft Grade A office space absorbed in Q3; southern cities dominate absorption pie
Southern cities dominated the office absorption pie with Bengaluru at the top.
Office space
19 Oct 2016
Office space leasing in 7 major cities touches 10-quarter high in July-September
Office space leasing in seven major cities touched a 10 quarter high at 11 million sq ft during July-September with corporates remaining upbeat on their expansion plans, according to property consultant CBRE.
Office space
14 Jul 2016
'Nearly 10.4 million sq ft office space absorbed during Apr-June'
Even in the backdrop of global slowdown concerns, nearly 10.4 million sq ft of office space was absorbed in the country during April-June, backed by demand from sectors like IT, BFSI and manufacturing, a report said.
Office space
24 Apr 2016
Net office space leasing down 11% in Delhi-NCR during Jan-Mar
Net absorption of office space fell by 11 percent in Delhi-NCR to over 7 lakh sq ft during January-March with corporates focusing on consolidation and relocation, according to a report by Cushman & Wakefield.
Office space
06 Apr 2016
Office space leasing down 26% in Jan-Mar at 5 mn sq ft: CBRE
Office space absorption fell by 26 percent to about 5 million sq ft during the first quarter of 2016 in seven major cities of the country, with corporates yet to finalise their real estate plans for the year, property consultant CBRE says.
ITeS
25 May 2015
IT/ITeS corners lion's share of office space at 69%
The property consultant said Bengaluru recorded the highest absorption at 3.77 million sq ft during the first quarter of 2015, out of 8.56 million sq ft leased in these cities.
Delhi-NCR
16 Apr 2015
Office space leasing in Delhi-NCR drops 57% in Jan-Mar
Delhi-NCR witnessed a 57 percent decline in the office space absorption in the first quarter this year due to delay in decision making by corporates, according to property consultant Cushman & Wakefield.
office
29 Jan 2015
Office space absorption up 28% at 32.5 mn sq ft during 2014
Office absorption in these eight cities -- Ahmedabad, Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai and Pune -- stood at 25.35 million sq ft during 2013.
Office space
05 Jan 2015
Office space absorption rose 10% in 2014: Report
The demand for commercial office space was sustained throughout the year, registering an year-on-year growth of 10 percent over 2013, the report said.
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