As many as 65 percent of leases that are getting over this year are less than 10,000 sq ft and leases less than 1 lakh sq ft make up 25 percent of the rentals.
International real estate advisor and property consultants Savills India has launched Workthere in India. Workthere is a brokerage backed online listing platform for flexible, co-working and managed office spaces, across geographies.
According to a Colliers International report, commercial real estate has witnessed an increase in leasing activity from 41.6 million square feet to 58.6 million square feet at a CAGR of 12% over the past three years.
