Evolving office space trends in a post pandemic world-Colliers Propstack Report 27 October 2021
The future is hybrid. Office usage patterns will change, and occupiers will become nimble to maximize efficiency.
• Fresh leasing post pandemic was at 67 million sq ft, a drop of 45% from pre-pandemic levels.
• Occupiers are negotiating and renewing spaces, while postponing fresh leasing decisions.
• Bengaluru followed by Mumbai witnessed the highest share of term renewals post pandemic.
• Renewals accounted for 23% of the leasing post March 2020, up 8 percentage points from pre
pandemic scenario.
• Pune, followed by Hyderabad saw the steepest decline in leasing post pandemic.
This article was originally published in https://www.colliers.com/en-in/
