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IT-ITeS sector leases 10% more office space in 2016

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.

9.6 mn sq ft Grade A office space absorbed in Q3; southern cities dominate absorption pie

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 leasing in 7 major cities touches 10-quarter high in July-September

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.

 'Nearly 10.4 million sq ft office space absorbed during Apr-June'

'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.

Net office space leasing down 11% in Delhi-NCR during Jan-Mar

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 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.

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.

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 space absorption up 28% at 32.5 mn sq ft during 2014

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 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.

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.

Office space absorption up 11% in Delhi-NCR

DTZ describes take-up as floor space acquired for occupation that includes offices let to an eventual occupier and developments pre-let or sold.

City's office space leasing to pick up in 2015: CBRE

Office space leasing activity in the city is not expected to move significantly before next year although the sentiment in the real estate sector is witnessing some improvement, says property consultant CBRE.

Office space leasing jumps three-fold in Delhi-NCR: C&W

Office space leasing in the Delhi-NCR region jumped more than three-fold to nearly 1.5 million sq ft during the January-March period, mainly due to higher absorption by IT firms in Gurgaon, says a report by property consultant Cushman & Wakefield.

Office space demand to grow by 7% in 2014: DTZ

Office space absorption is likely to rise 7 percent this year to 29 million sq ft in India's 7 major cities as corporates look at expanding businesses, says global real estate consultant DTZ.

Bangalore to see 2nd highest office demand in Asia during 2014

Tokyo is forecast to see the highest office absorption among the 30 cities in Asia in 2014.

Office space absorption down 25% in 2013: Cushman & Wakefield

These eight cities are NCR, Mumbai, Bengaluru, Chennai, Hyderabad, Pune, Kolkata and Ahmedabad.

Office space leasing dips 15% in H1: Cushman & Wakefield

"Office markets in India registered a downward trend in absorption in the first half of the year (January-June 2013)," Cushman & Wakefield said in a statement.

Office space absorption up by 17% in Jan-Mar quarter

Office space apsorption rose by 17 percent to 6.6 million sq ft in the seven major cities of the country during January-March quarter, according to global property consultant CBRE.

Top 8 cities to see office space oversupply of 21% by 2016

Top eight cities of the country would witness an excess supply of office space to the tune of 21 percent over the next five years, according to a projection by global realty consultant Cushman & Wakefield.