IT/ ITES Sector Gives Wings to the Commercial Real Estate Market in Cities.
Digitalrohan26 Nov, 2021Business
The news that the office space real estate market is finally gathering steam is definitely music to the ears of stakeholders and investors. As information technology(IT) and IT-enabled services(ITES) companies return to office, a rebound in demand is pushing the commercial real estate market, which is expected to peak by the end of 2021. A recent rock report mentions that among the top seven cities ? Bengaluru, Hyderabad and Chennai ? witnessed their share of total office leasing increase to 66% in the financial year 2021, from 47% in the financial year2018. The other top markets are Mumbai Metropolitan Region (MMR), Pune, Delhi-NCR and Kolkata.
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