However, Pune and Delhi-NCR saw vacancy rates increase by over 100 basis points quarter-on-quarter, driven by a surge in new office completions in these markets, according to a recent report by real estate consultancy firm Colliers.
The continued expansion of Global Capability Centres (GCCs), coupled with strong domestic demand, is driving a steady decline in office market vacancy rates, signalling renewed momentum in India's commercial real estate sector, according to the latest report by CREDAI-CRE Matrix.
The report highlights a surge in consumer spending during the festive season, benefiting retail markets in major cities such as Auckland, China, Hong Kong, Bangkok, and Bengaluru. In Bengaluru, strong commercial demand has outpaced supply, leading to lower vacancy rates.
Hong Kong, April 8 (ANI): Office landlords and real estate investment trusts (REITs) in the Asia Pacific region are well placed to cope with secular changes being ushered in by Covid-19 pandemic, S&P Global Ratings said in a report released on Thursday.