Tech firms share at 40% in total conventional office space demand: Colliers

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Technology companies have taken on lease 10.8 million square feet of office space directly from property owners during the January-June period of this year across seven major cities, contributing 40% to total demand for conventional workspace, according to Colliers India.

Real estate consultant Colliers India data showed that the total gross leasing of conventional office space stood at 27.2 million square feet across seven cities in the first half of this calendar year. Of this, technology companies took 10.8 million square feet on rent.

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Tech firms share at 40% in total conventional office space demand: Colliers



Technology companies have taken on lease 10.8 million square feet of office space directly from property owners during the January-June period of this year across seven major cities, contributing 40% to total demand for conventional workspace, according to Colliers India.

Real estate consultant Colliers India data showed that the total gross leasing of conventional office space stood at 27.2 million square feet across seven cities in the first half of this calendar year. Of this, technology companies took 10.8 million square feet on rent.

Apart from…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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