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Global slowdown blues to stall demand growth for office space this fiscal: Crisil, ET RealEstate

Indian Commercial Real Estate: According to Crisil Ratings the inherent strengths of the Indian market and increasing shift to return to office, however, should help demand pick up over the medium term, keeping credit profiles of office asset owners stable.

Leasing activity expected to pick up from September 2021 : Report

Leasing activity expected to pick up from September 2021 : Report SECTIONS Share Synopsis Along expected lines, the Indian Commercial Real Estate (CRE) office market has seen a 47% YoY decline in Q1CY21 (Jan-Mar’21) net absorption at 3.6msf. Indian Commercial Real Estate (CRE) office market saw record leasing in CY19 with 42msf of annual net absorption. The second Covid wave in India may lead to a delayed recovery for the office market and leasing is expected to pickup towards the end of September 21, vs July 21 earlier, according to a report by The current trend of occupiers downsizing and delaying new leasing decisions to continue in the near-term, the report said.

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