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Chennai in demand: Global firms secure over 50% share in office leasing in last 6 years; GCCs in tech, E&M segments drive demand

Chennai in demand: Global firms secure over 50% share in office leasing in last 6 years; GCCs in tech, E&M segments drive demand
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

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Global firms are making a beeline for Chennai s office space

Global firms are making a beeline for Chennai s office space
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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Retail sector leasing reaches a record high in 2023

The retail sector in India experienced a record high in leasing in 2023, with an increase of 47% from the previous year. The demand was mainly driven by the entry and expansion of international brands, particularly in the luxury sector. Retail leasing by international brands accounted for almost 25% of total leasing in 2023.

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Retail sector leasing increases 47% YoY in 2023, Retail News, ET Retail

Retail Sector Leasing: Demand for retail spaces in recently completed malls played a significant role in shaping the overall retail space occupancy in 2023, and nearly 30 per cent share in total absorption was led by primary leasing in these malls. During the year, the retail sector in India witnessed a surge in leasing activity, with Mumbai and Pune recording 5-year high leasing at 1.0 and 0.8 million sq ft, respectively. Bangalore, Ahmedabad, Delhi-NCR, Ahmedabad, Kolkata and Hyderabad witnessed steady leasing activity, the CBRE report stated.

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Google to bring data center to Fort Wayne

The technology company building a hyperscale data center in east Allen County is Google.

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