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India to contribute 37% of the APAC office space demand
Bangalore is expected to absorb the maximum amount of office space in #AsiaPacific, as India is expected to contribute to 37% of the total demand in 2022 as per Cushman & Wakefield. In Asia Pacific, total demand for office was 80 million sq ft, which came down to 30 million sq. ft. in 2020 and in 2021 it came back to 60 msf. In 2022, we are expecting it to be 72 million sq ft and 2023 it will reach about 83 msf so it will reach the pre Covid level in 2023. Despite the brief uncertainty during the second wave, the office market across the top 8 cities has fared well with a perceptible growth in the market activity, especially in the second half, said the report. In the next 2-3 years India will maintain the 40% share. In India on an average 35 million sq ft is delivered. In 2021 it was 40 msf and in 2022 it is expected to be 46 msf. 25% of the new supply is already pre committed. There is an active 40 msf of demand and it will only grow up. Most important thing which has gone into corporate is the sustainability part of it. Entire conversation has changed to employee safety. Developers have also started focusing on this big time.
The report further mentions markets such as Noida and Navi Mumbai to perform well with growing interest from tech companies to set up larger centres. Pune and Chennai are also expected to bounce back strongly with growing occupier interest. Tenants are actively discussing with developers while rebalancing/ optimizing the portfolio and are opting for early renewals wherever possible to negotiate better deals. While some of this can be attributed to a slowdown in demand, the impact of space optimization can’t be ignored. Consolidation and rebalancing of portfolios among occupiers along with scheduled exits from some projects have also led to a rise in vacancy levels across cities. Delhi-NCR has registered the highest addition of vacant space primarily coming from non-core areas of Gurugram and Noida. Core locations in Gurugram havच्या कडून VARINDIA | 115 दृश्ये
Bree Olson: Charlie Sheen Never Told Me About HIV
Watch Bree Olson discussed her relationship with Charlie Sheen on The Howard Stern Show Tuesday morning amid news that he has been HIV positive for years.
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Bree Olson On Her High-Risk Behavior with Charlie Sheen
Bree Olson discussed her relationship with Charlie Sheen on The Howard Stern Show Tuesday morning amid news that he has been HIV positive for years.
च्या कडून Sagar Nair | 14851 दृश्ये
Bree Olson On How Charlie Sheen Betrayed Her Trust
Bree Olson discussed her relationship with Charlie Sheen on The Howard Stern Show Tuesday morning amid news that he has been HIV positive for years.
च्या कडून Sagar Nair | 2228 दृश्ये
Bree Olson Opens Up About Charlie Sheen's Alleged Anger
Bree Olson opened up Howard Stern Tuesday about remarks Charlie Sheen allegedly made to her in regards to Denise Richards.
च्या कडून Sagar Nair | 572 दृश्ये
Bree Olson Resents Charlie Sheen's Comments
Bree Olson discussed her relationship with Charlie Sheen on The Howard Stern Show Tuesday morning amid news that he has been HIV positive for years.
च्या कडून Sagar Nair | 31121 दृश्ये
Bree Olson Says Charlie Sheen Never Told Her About HIV Diagnosis
We caught up to Charlie Sheen's former goddess after leaving the Howard Stern show in New York City, and she admits she doesn't know what her next move will be, or if she will press charges against the now HIV positive actor.
च्या कडून Sagar Nair | 16165 दृश्ये
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Innings of Wisdom: Untold Stories with Nilesh Kulkarni✨
Join us for an exclusive interview with former Indian cricketer Nilesh Kulkarni! In this tell-all conversation, Nilesh dives deep into his cricketing journey, sharing untold stories, insights, and experiences from his time on the field. Get ready to be entertained, inspired, and gain a deeper appreciation for the game we all love.
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Innings of Wisdom: Untold Stories with Nilesh Kulkarni✨च्या कडून CricTracker | 6626 दृश्ये
Anil Vij ने CM पद के लिए ठोका दावा, कहा- मैं छह बार का विधायक हूं, पार्टी से आज तक कुछ नहीं मांगा
Anil Vij ने CM पद के लिए ठोका दावा, कहा- मैं छह बार का विधायक हूं, पार्टी से आज तक कुछ नहीं मांगा
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ECI Press Briefing
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Source : ANI \ Studio \ INH Reporters \ Agencies
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Delhi IGI Airport Accident News: दिल्ली IGI एयरपोर्ट पर ड्रॉपिंग एरिया की छत गिरी, एक शख्स की मौत
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