demand for office space
India’s second largest software services firm Infosys has signed a contract with commercial real estate developer Skanska Property for leasing its office space for 10 years, the biggest such transaction in Poland this year. The expansion comes in the wake of Infosys is planning to expand the workforce at Lodz delivery centre by 500 people. [...] Continue Reading »
The Grade A commercial office market which is in the Delhi has attracted an increase in the demand for office space along with rental values rising across some select established micro-markets during the quarter that ended in June 2014. Delhi NCR is a huge leasing market that has seen sustained demand for the quality of [...] Continue Reading »
Mumbai- Increasing number of Information technology (IT) companies has been driving the office space demand in the prime cities. Particularly the demand for rental office spaces is rising in the peripheral areas of cities since the rental rates are comparatively low than city centric locations. Consequently, commercial real estate developers are more into developing office [...] Continue Reading »
Real estate consultancy firm Cushman & Wakefield reports that the top eight cities in India are expected to see a demand for about 180 million sq ft of commercial office space in the next five years. Based on announced projects and the current pace of construction, total expected supply in these five years is 219.6 [...] Continue Reading »
The service sector is expected to revive demand for office space with an estimated absorption of 28-30 million sq ft by the year-end. Jones Lang LaSalle India says that the service sector is likely to drive demand for commercial real estate. An 8.5 percent growth in the services sector in FY12 is an indicator that [...] Continue Reading »
According to Cushman & Wakefield, Hyderabad is expected to witness a 48 per cent increase in demand for office space compared to last year. The demand for commercial office space in the city is expected to increase moderately from the next year onwards as the economic conditions improve 2.38 million sq ft of office space [...] Continue Reading »
Ahmedabad is seeing increasing demand for office space. The entry of new ventures from across India and expansion of local industries have propelled the increased demand. Commercial capital values have almost been doubled in last two years while the rentals have become thrice. Organised retail has also grown to an unprecedented extent. The developers and [...] Continue Reading »
Real estate consultant Jones Lang LaSalle India (JLL) stated in their recent report that the industrial development happening in and around Ahmedabad, Vadodara and Surat, have propelled these three major cities of Gujarat emerge as next best option for office space in real estate market. Firms based out of metros are eyeing Gujarat as the [...] Continue Reading »
In RICS India Commercial Property Survey it is observed that the realty market is now witnessing improvement across the country. The report has shown that the rental expectations are turning positive this quarter as opposed to being negative during the last three months of 2011. Market activity indicates that rental value of retail properties, particularly [...] Continue Reading »
Bangalore is called the silicon valley for the IT industry in India. The demand for office space is increasing rapidly in Bangalore. A demand for 3.6 million sq. ft. office space in recorded in the first quarter of 2012. According to a research agency, the demand for office space in the country has been reduced, [...] Continue Reading »
