Small, Mid-size offices resilience to be tested in 2021 as Rs 6,800 cr lease renewals due Synopsis The expected pattern of lease renewals and expiries in smaller size offices this year is likely to result in occupiers and tenants considering more flexible and co-working spaces. Small and mid-sized office spaces across India will likely face a major test of occupancy and yields this year as lease agreements pertaining to annual rentals worth Rs 6,800 crore are due for renewal in 2021. The sensitivity of rental yields to these upcoming renewals will set the tone for businesses amid potential demand shrinkage in the aftermath of the pandemic and adoption of the work-from-home model by many businesses.