Tag Archives: leasing

Propstack Insights: New Leases of 100,000+ sf make up 84 % of total leases in Bangalore

In 2017, the office leasing activity in Bangalore remained strong and maintained its momentum. 100000+sf deals contributed to nearly 79% of the total Gross absorption Nearly  84% of the total 100,000+sf transactions are New Leases. *Grade A office data only For more details login to office.propstack.com

Propstack Insights: Top Occupiers have preferred Non- CBD locations in 2017

Occupiers across cities prefer taking up office spaces in SBDs and PBDs. The transition is driven by occupiers demand for affordable rents, Grade A offices, expansion space and transit-served markets. Propstack analysed  > 25,000 sf deals in 2017. SBDs outshine CBDs.   > 25000 sf  Deals total area – 2017 (in msf)   *Grade A… Read More »

Propstack Insights: How much do Gurgaon & Noida warmshell rentals vary in a quarter?

Small variations in rentals per square foot make a huge difference in monthly rental outflows for a Corporate Occupier. This quarter at Propstack, we observed such a trend within the primary NCR occupier markets of Gurgaon and Noida. Contrary to expectation, the lowest and the highest warmshell rentals for deals signed in Q2 2017 were… Read More »

Propstack Insights: Does IT-ITeS sector still dominate Office Leasing

IT/ITeS sector deals above 100,000 sf added 3.5 msf to leasing activity till date in 2017. 100,000+ sf deals by IT-ITeS sector comprised 55% of the total space leased by such large deals this year. Also, these large IT deals contributed to 40% of total leasing volume in Q1 2017. IT-ITeS companies leased these large… Read More »

Propstack Insights: Half Million Club- Q1 2017 – Top Leasing Markets

Nine micromarkets across top 7 Indian cities recorded leasing activity more than 0.5 msf in the first quarter this year. OMR-I and OMR -II micromarkets in Chennai together contributed to more than 2 msf absorption in a single quarter. Apart from Chennai, both Mumbai and Pune had two micromarkets driving the demand higher than half… Read More »

Office space leasing drops 27% in Jan-March quarter

The leasing of office space fell 27 per cent in eight major cities to 5.5 million sq ft during January-March quarter due to lack of supply, according to property consultant Cushman & Wakefield. The net absorption of office space stood at 7.4 million sq ft in the year-ago period. Supply of office space has been… Read More »