The collective warehousing demand for e-commerce, FMCG, and retail sectors accounted for nearly 27 percent of the total demand from 2019 to H1 of 2023, a CBRE report said.
Domestic firms continued to lead the absorption in April-June2023 and H1 2023, accounting for a share of 43% and 46%, respectively, mainly led by flexible space operators, technology corporates and BFSI firms according to a report by CBRE. The report points out that office leasing increased by 12% Q-o-Q and touched 13.9 mn. sq. ft. during the April-June23 period.
Flexible office spaces are becoming the preferred choice for corporates, with 47% planning to increase the usage of such spaces, according to a survey by CBRE. The survey found an increasing interest in tier-II cities due to skilled talent pools and better infrastructure. Onboarding, collaboration, cultural integration, and visibility are challenges for new employees.
Despite the challenging times, businesses have looked at India as an attractive, resilient, and cost-effective investment destination, Anshuman Magazine, Chairman CEO - India, South-East Asia, Middle East Africa of CBRE, said.Indian economy is likely to remain a key driver of global growth in 2023, he said.Investment activity in real estate surged to an all-time high in 2022, with Mumbai, Delhi-NCR, cumulatively accounting for 56 per cent of the investments in 2022.