Browsing Tag
commercial real estate
37 posts
Onward Workspaces Expands with 18,000 Sq. Ft. Premium Facility at Emaar Capital, Gurgaon, to Serve Global Enterprises
Onward Workspaces has leased 18,000 sq. ft. of premium office space at Emaar Capital, M.G. Road, Gurgaon, marking a strategic expansion to cater to the growing demand for flexible, Grade-A office solutions. The new facility, designed to foster innovation and collaboration, has already secured strong interest, with a UK-based multinational shipping company pre-booking 45% of the available area. This expansion is part of Onward Workspaces’ broader plan to add 150,000 sq. ft. of office space across Delhi NCR by the end of 2024.
India Leads Asia Pacific Office Market with 70% of Demand in Q3 2024, Driven by Flight to Quality
The Asia Pacific office market saw a 10.7% increase in demand in Q3 2024, driven by strong activity in India, New Zealand, and Singapore. India continues to dominate, accounting for over 70% of regional demand, as occupiers seek premium, ESG-compliant office spaces.
Real Estate Demand Soars in India’s BFSI Sector, Projected to Break 2023 Leasing Records in 2024
The BFSI sector in India is experiencing a significant surge in office space demand, projected to surpass its previous leasing record of over 11 million square feet set in 2023. As global players dominate the market and tech hubs like Bengaluru and Mumbai emerge as key locations, the future looks bright for real estate in this rapidly evolving sector.
Office Market Rental Growth Surges Past Pre-Pandemic Levels in 2024
The Indian office market has reached a significant milestone in 2024, as average rents across major cities exceed pre-pandemic levels for the first time since 2019. Driven by a robust recovery in demand, certain core micro markets have seen rental increases of up to 25%. This article explores the city-wise trends, cumulative demand and supply metrics, and the outlook for future growth in commercial real estate.
