· Q1 2022 office gross absorption up almost 3 times YoY at 13.0 mn sq ft; Q1 2022 office supply doubled on a YoY basis to 14.3 mn sq ft; Flex space accounts for 15% of the gross leasing in Q1 2022; the technology sector remains dominant
3PL service provider FM Logistic India has exponentially expanded its warehousing footprint to service large fulfilment requirements in the Mumbai Metropolitan Region (MMR) by taking the handover of their 3.7 lakhs sq. ft. facility at Welspun One Logistics Parks’ (WOLP) flagship park in Bhiwandi.
Research by IWG shows three times the number of FTSE 250 companies are looking to use a hybrid office model compared to those looking to carry on in the same way as pre-pandemic; It can save employees up to £328 a month on train travel and up to £128 per month if they commute by car
Office leasing activities in India picked up pace in the first quarter of 2022, registering a growth of 97 % to 11.4 million sq. ft on a year-on-year basis
Global leader in workplace solutions and design, Steelcase expands its seating offering with the launch of the innovative Personality Plus, a best-in-class task chair that makes ergonomic seating accessible to everyone.
Shop-cum-Office (SCO) spaces have been at the top of the real estate trends in the last two years. The hybrid model of working has motivated companies to move to SCO spaces.
As far as the real estate industry is concerned, technological advancements--like artificial intelligence and blockchain--have already played a crucial role in its transformation and are continuing to do so
Interior design and build firms now need to specialize in future focused workplaces that help businesses scale as they grow and revolutionize the look and feel of their clients offices through thoughtful concepts and beautiful designs.
