Top trends in office real estate sector in NCR [2022]
Top trends in office real estate sector in NCR [2022]

Top trends in office real estate sector in NCR [2022]

For corporate and office occupiers, India’s real estate has huge potential.

Since Indian cities offer the largest corporate spaces in Asia, emerging trends hint toward huge potential in the next few years for the further development of office real estate in India.

Many of such office occupiers are confident about this trend and see it as a bright opportunity for developing brand value while stressing employee-friendly and environmentally-conscious spaces as well.

Pre-Committed Spaces for Future Needs

Considering the shortage of good quality office spaces, multinationals are going a step ahead and choosing to pre-commit spaces for future needs and portfolio optimization.

Examples include Google, Bank of America, Gartner, and BCG which are pre-committing spaces in properties including NCR’s Unitech Signature Tower and Cyber Park by DLF.

Longer Lease Terms

Instead of standard lease terms of 9 years, corporates in Delhi NCR are negotiating a 12-15 year lease term for want of occupational rights for longer terms and to protect themselves from rental rises.

Agile Workplaces and Collaborating Spaces for Employees

The design of a workplace reflects its whole philosophy and the culture that it prides itself.

Occupiers have a strong commitment to building a habitat/working space that reflects intrinsically on the employees and owners.

Sense of Belongingness and Extended Use of Technology

It is important that the place the occupier chooses gives a sense of belongingness, trust, and efficiency to the employees as well as the owners.

Many corporates are aware of this fact and are investing in emerging technologies like automation and robotics.

Entering into Partnerships with Co-Working Brands

Corporations are paying close attention to the widespread choices when partnering with co-working brands.

These also include benefits like flexibility in lease terms, attractive design, and a vibrant environment for employees. The occupiers can lease need-based office space by the hour or day or month or on a long-term basis.

Achieving Office Real Estate Space Efficiencies

Through real estate consolidations or merging multiple office spaces into one, corporates have been able to achieve 40-45 percent savings in their operational costs as well as gain employee satisfaction, improve logistics and increase the overall profitability of the business.

Environment-Friendly Spaces which are Smarter as Well

Occupiers have plenty to gain from environment-friendly spaces which consume optimal energy and are also a hub of amenities, last-mile connectivity, rich landscape, and requisite infrastructure.

Corporate real estate strategies are focussed on increasing business operations and their profitability by catering to the various stakeholders that matter to it.

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