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Showing posts from March, 2023

7 Office Market Trends Shaping the Future of Delhi NCR: A Look at the Top Micro Markets

Delhi NCR is a fast-growing region that is home to some of India's most important business centers. With the rapid expansion of businesses and startups, the demand for commercial office spaces in Delhi NCR has increased significantly. As a result, the office market in Delhi NCR is evolving at a rapid pace, and keeping up with the latest trends is crucial for businesses looking to secure the perfect office space. In this blog, we will explore the top 7 trends that are shaping the future of Delhi NCR's office market, along with insights into the top micro markets for commercial spaces. Rise of Co-working Spaces: Co-working spaces have been gaining popularity in Delhi NCR over the past few years, and the trend is expected to continue. The demand for co-working spaces is driven by the growing number of startups and small businesses looking for affordable and flexible office space. According to a report by CBRE, co-working spaces accounted for nearly 15% of the total office leasing ...

Hyderabad: The Rising Star of India's Office Space Market Set to Overtake Bengaluru

In recent years, Hyderabad has been emerging as a strong contender in the Indian office space market, and the latest statistics suggest that the city is poised to overtake Bengaluru as the most prominent office space market in the country. A combination of factors such as a favourable business environment, supportive government policies, and a booming tech industry has fueled the growth of Hyderabad's office space market. This blog will look closer at the latest Hyderabad office space market trends and the reasons behind its meteoric rise. According to a recent report by real estate services firm JLL, Hyderabad witnessed a 31% YoY growth in office space absorption in 2022 compared to 2020. In contrast, Bengaluru's office space absorption has declined by 38% YoY during the same period. As a result, Hyderabad's overall office space stock has reached 63 million square feet, compared to Bengaluru's 74 million square feet. Moreover, Hyderabad has emerged as a preferred desti...

Office Sector 2023: Unveiling Emerging Trends and Lucrative Opportunities

As we move towards the middle of the decade, the office sector is undergoing a transformational change. With the pandemic reshaping the way businesses operate, the demand for flexible and adaptive workspace solutions is on the rise. In this blog post, we'll explore the emerging trends and opportunities that are set to shape the office sector in 2023 and beyond. The demand for flexible workspace solutions has been on the rise for the past few years, and this trend is expected to continue in 2023. According to a report by CBRE, the flexible office space sector is projected to grow at a CAGR of 21.3% between 2020 and 2023, reaching a market size of USD 62 billion by 2023. Another emerging trend is the adoption of smart building technologies. With the Internet of Things (IoT) becoming mainstream, smart buildings are being developed to enhance the occupant experience and improve energy efficiency. According to a report by Frost & Sullivan, the global smart building market is expecte...

Navigating the Future of Business: Fully Furnished and Premium Office Space for Rent in Mumbai in 2023 and Beyond

Introduction As businesses continue to evolve in the wake of the pandemic, the demand for flexible and premium office spaces in Mumbai has never been higher. With micromarkets in Mumbai emerging as key business destinations, it is crucial for companies to choose the right location and office space for their specific needs. In this blog, we will explore the benefits of renting fully furnished, serviced, and managed office space in Mumbai and how it can help businesses thrive in 2023 and beyond. The Rise of Mumbai Micromarkets Mumbai is a city that is constantly evolving and growing, with new micromarkets emerging as key business destinations. These micromarkets offer a range of benefits, including better infrastructure, easy accessibility, and lower costs compared to traditional business districts. Some of the emerging micromarkets in Mumbai include Lower Parel, Andheri East, and Goregaon. Each of these areas has its unique advantages, and businesses must carefully consider their needs...

Unlock Your Business's Potential: The Best Commercial Office Spaces for Rent in Mumbai!

Mumbai is a bustling commercial hub with a diverse range of businesses, from startups to established corporations. Whether you're starting a new venture or expanding your existing one, finding the right commercial office space for rent is a crucial step towards success. Here are some of the best commercial office spaces for rent in Mumbai , along with key statistics and relevant information. Lower Parel Lower Parel is a popular business district in Mumbai, with a growing number of coworking spaces and commercial office spaces for rent. According to recent statistics, the average cost of office space for rent in Lower Parel ranges from Rs. 90 to Rs. 140 per square foot. Lower Parel offers excellent connectivity to other parts of the city, making it a preferred location for many businesses. BKC The Bandra Kurla Complex (BKC) is another popular commercial hub in Mumbai, known for its modern architecture and world-class amenities. According to recent statistics, the average cost of off...