Tag Archives: Office Demand

Bengaluru office builders flocking to Hyderabad as demand soars

Hyderabad has become the new investment destination for Bengaluru’s commercial property developers at a time when the city’s real estate market is on a revival mode after almost half a decade of political turmoil. Companies such as DivyaSree Developers, Salarpuria Sattva, Embassy and RMZ Corp have built or are in the process of building a… Read More »

Tech, pharma firms among main drivers of Asia-Pacific office demand

There is strong demand in the Australian cities of Melbourne and Sydney, as well as in Bangalore in India and Bangkok, especially in their central business districts (CBDs). Other cities such as Ho Chi Minh City, Manila and Hong Kong continue to hold steady in terms of rental outlook, the survey found. Among the top sectors fuelling… Read More »

Office market to stay strong despite falling growth numbers

Bengaluru remained on a high growth trajectory and maintained its leading status among the key cities, by retaining a 31% share of the total occupier demand, followed by Delhi-NCR (18%.) Hyderabad and Chennai stood on 13% each, while Mumbai, Pune and Kolkata accounted for 14%, 9% and 2%, respectively, of the overall leasing volume. In… Read More »

Office realty in demand, but home sales fall

India’s office real estate market stayed positive while residential sales across the country fell sharply since early this year. Higher corporate demand and reduced Grade-A supplies have pushed upwards the rental of commercial properties across the country. “Of the 36 commercial micro markets in the country, 10 have seen rise in rent by over 25% in… Read More »

IT firms hit by lack of office space in Hyderabad

The capital region of Andhra Pradesh is faced with severe shortage of office accommodation. As many as 40 corporate houses and IT companies have been unsuccessfully scouting for office accommodation for the last one year in Vijayawada and surrounding areas. Even Visakhapatnam city does not have sufficient space to house private offices. About 30 IT companies… Read More »

Office space demand sees sustained pickup across top cities

The demand for commercial real estate across the country is getting stronger and is witnessing a sustained momentum. The office space absorption across top 9 property markets has seen a sustained growth with total 28.3 million sq ft picked up during the first nine months of 2016, showed a report. Last year, commercial real estate in… Read More »

Manhattan office market booming as asking rents set record

The cost of renting office space in Manhattan set new records in the third quarter amid strong leasing activity that was driven by a job creation rate in New York that exceeds the nationwide average. Leasing activity across Manhattan is 13.8% above the city’s 10-year average, and year-to-date is 11.1% better than 2015, a banner year… Read More »