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Bengaluru among top 5 tech centres in Asia Pacific, says report

Bengaluru among top 5 tech centres in Asia Pacific, says report
businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.

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Flexible workspaces account for only 5% of 4.3 million sq ft leasing in Q1 this year

Flexible workspaces account for only 5% of 4.3 million sq ft leasing in Q1 this year
April 20, 2021
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IT-BPM accounted for about 47 per cent of the total leasing, driving the demand, according to Colliers
Flexible workspaces accounted for 5 per cent of the 4.3 million square feet leasing in Q1 2021, down from 11 per cent share of the 12.2 million square feet in Q1 2020. Operators continued to be cautious on expansion and instead focused on opening centres only with established demand from enterprises.
Flexible workspaces saw corporate clients leasing over 11,800 seats with them during the quarter. Bengaluru saw majority of the flexible workspace leasing. Mumbai and Pune had one deal each. ....

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Office leasing to remain subdued in 2021 first half; tech firms to continue lead demand

Office leasing to remain subdued in 2021 first half; tech firms to continue lead demand
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Logistics & Industrial sector and Technology occupiers leading the way in 2021 in APAC: Colliers

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Popular locations like Singapore, Sydney and Melbourne can start looking forward to recovery in 2021 as they have low vacancies, while many other APAC office markets will see higher demand but pressure on rents and rising vacancy will remain
Most APAC logistics & industrial markets remain in expansion mode, with rents steadily rising; Colliers expects the sector s popularity with investors to increase further
APAC technology occupiers should account for 20-25% of office leasing demand in APAC over 2020-2025
Flexible workspace operators likely to seek off-CBD opportunities as occupiers look outside traditional business districts
Sustainability will start to drive property investment and leasing decisions ....

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