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[부동산] 사무실 공간 점유는 2021 년에 예정된 대규모 임대 갱신으로 인해 주요 테스트에 직면합니다.
[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.
Here I have important INDIA real estate news to share with you which is as mention under.

Office spaces across India are expected to face a major test in terms of occupancy in the year
2021 with a large number of commercial space leases set for their renewal this year in the
backdrop of Covid-19 pandemic and emergence of hybrid work model.

The comforting factor among key variables that would dictate absorption levels is that
information technology firms, which usually lead the demand, continue to hire in bulk.

Over 7,400 leases spanning around 90 million sq ft office space will come up for renewal this
year across the top commercial real estate hubs including Mumbai, Bangalore, National Capital
Region, Pune and Chennai, shows data from Anarock Research.

“The office market has been under strain since the pandemic came in. However, the IT/ITeS
sectors have been on a hiring spree in 2020 and 2021 due to massive business accruals.
To accommodate these employees in a future when we see a gradual return of employees
and adoption of hybrid workplace practices by Infotech giants, office space demand will
grow,” said Prashant Thakur, Director & Head-Research, Anarock Property Consultants.

According to him, office demand is also expected to gather momentum from 2022 in the
wake of robust hiring by large corporates. These big corporates will definitely renew their
leases, though some of the smaller companies may consider rationalizing space.

The year 2021 has the highest lease expiry pipeline when compared to the next two years
2022 and 2023. While the year 2022 will see nearly 7,000 leases for around 78 million
sq ft come up for renewal, and nearly 4,200 leases for over 55 million sq ft in 2023.





Read more at:
https://economictimes.indiatimes.com/industry/services/property-/-cstruction/office-space-occupancies-face-major-test-as-large-set-of-lease-renewals-due-in-2021/articleshow/82545841.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

KAMA GROUP
New Delhi
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