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Office space renewals gaining pace post pandemic, NCR & Bengaluru most resilient office markets: Report
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While leasing has declined from April 2020, some interesting trends have emerged in the office space. Occupiers, for instance, are increasingly renewing their office spaces since April 2020 when the pandemic started, as per a joint report by Colliers and Propstack.
Occupiers are looking to be in new-generation offices with modern amenities with focus on health and wellness. There will be more emphasis on flexibility, with occupiers keen to explore co-working spaces for a decentralized workforce.
The report ‘Evolving office space trends in a post pandemic world’ reveals that renewals for office spaces accounted for 23% of the total leasing during the 15-month period starting April 2020. This is up 8 percentage points from the 15-month period
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