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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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Cushman & Wakefield

09 Sep 2014

MNCs buy offices worth Rs 2,470 cr in India

Multi-national firms have invested nearly Rs 2,500 crore in under three years to buy office space in India as against leasing it, property consultant Cushman & Wakefield said.

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