Bright days ahead for commercial real estate

The outlook for 2017 is likely to be robust too with demand from manufacturing, logistics and consumer goods besides the information technology and outsourcing sectors. A paradigm shift in commercial space leasing is likely to boost demand, as firms that historically bought space prefer leasing to accommodate changing needs.

Higher use of technology has made jobs more process drive and less manpower driven. This means a $1 billion revenue growth would need only 20,000 people as against 35,000 at present that in turn would limit need for space.

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