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Anarock launched commercial office leasing services, targeting strategic collaborations and hiring talent to serve corporate occupiers. Peush Jain appointed as managing director, emphasizing a technology-focused approach and projected growth in office leasing driven by GCCs and various sectors.
Get latest articles and stories on Latest News at LatestLY. Housing brokerage firm Anarock has started office leasing services and appointed Peush Jain as managing director of the new business vertical. Latest News | Property Consultant Anarock Starts Office Leasing Biz; Appoints Peush Jain as MD.
The first three quarters of 2023 saw strong demand for office space in India, with 38 million square feet of gross absorption across the top six cities. Bengaluru and Delhi NCR led the demand, accounting for half of the total demand. The technology sector continued to drive the demand, with flex spaces, engineering & manufacturing, and BFSI sectors also contributing significantly. The southern cities of Bengaluru, Hyderabad, and Chennai witnessed the majority of the demand, with the technology-based occupiers driving leasing activity.
A total of 38 million sq feet of office space was absorbed and despite the global economic volatility, domestic occupiers accounted for almost half of the office space take-up in 2023.
The demand for office space in India remained strong in the first three quarters of 2023, with 38 million sq ft of space taken up in the top six cities, nearly matching the absorption during the same period in 2022. Bengaluru and Delhi-NCR were the leading cities, accounting for half of India's total office space demand.