![*](https://research.savills.asia/_images/pune-2021-office-watch.jpg)
Pune Market Watch - Office 2021
"Pune recorded significant expansion by flexible workspace operators and pre-commitments driven by Technology occupiers and flexible workspace operators."
Tagged Articles
"Pune recorded significant expansion by flexible workspace operators and pre-commitments driven by Technology occupiers and flexible workspace operators."
"Bengaluru saw the lowest decline in demand for office space despite the second wave of COVID and large-sized (>100,000 sq. ft.) IT deals continued to drive the market."
"Chennai saw leasing driven by small-sized (< 25,000 sq. ft.) deals and recorded pre-commitments by Technology and Engineering companies. "
"Delhi-NCR saw demand driven by Technology and Engineering & Manufacturing sectors. NOIDA Expressway and Golf Course Extension Road maintained their stronghold."
"Hyderabad saw steady occupier interest in flexible workspaces and large sized deals (>100,000 sq. ft.) drove the city market in the ongoing recovery phase."
"Mumbai saw leasing activity mainly driven by mid-sized deals (50,000 sq. ft.- 100,000 sq. ft.) and significant lease renewals by Technology and Engineering & Manufacturing occupiers."
"COVID-19 has taken its toll on regional markets, with many seeing weakening rents and rising vacancy. That said, the expedited vaccination rollout should help spark an economic recovery later this year and increase demand for office space. For now, the prospects for each region will depend on demand and supply fundamentals."
"With renewed optimism for a more dynamic commercial property market in 2021, Savills Ha Noi is delighted to present our latest publication, Savills Vietnam Office Wise."
"While rents have adjusted slightly this quarter, the moderations were mostly found in Shibuya as the rest of the market holds fairly resilient. Prevalent work-from-home arrangements may also change some dynamics of the office market."
"Whist market fundamentals are still sound, the impact of COVID-19 is being felt. Accorodingly, vacancy rates have loosened and rental growth momentum is losing steam. If the downturn is prolonged and large potential vacancy materialises late this year as new supply comes online, the direction of the markets may change abruptly."