{"id":1516,"date":"2020-11-01T06:39:00","date_gmt":"2020-11-01T06:39:00","guid":{"rendered":"https:\/\/staging.earnnest.me\/web\/?p=1516"},"modified":"2021-08-30T09:02:38","modified_gmt":"2021-08-30T09:02:38","slug":"india-office-re-investing-and-leasing-trends-during-covid","status":"publish","type":"post","link":"https:\/\/www.earnnest.me\/web\/india-office-re-investing-and-leasing-trends-during-covid\/","title":{"rendered":"India Office RE: Investing and Leasing Trends during COVID"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1516\" class=\"elementor elementor-1516\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-79aab87 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"79aab87\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ec773d0\" data-id=\"ec773d0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2185856 elementor-widget elementor-widget-text-editor\" data-id=\"2185856\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>The COVID-19 pandemic induced lockdowns brought about a change in the way businesses operate. As corporates adopted Work-from-Home (WFH), working through digital tools and online meetings became the norm. An early expectation was that the flexibility and cost arbitrage offered by WFH would lead to increase in office vacancies. However, as the year panned out and the first lockdown was lifted, it has been observed that Investment and leasing trends for commercial, across multiple parameters, continued to remain robust.<\/p><p>Institutional investors continued to acquire core commercial assets, similar to pre-covid days as some of the largest deals were finalized. Likewise, public investors too exhibited strong interest in the asset class as the IPOs of Mindspace REIT and Brookfield REIT received excellent subscription. The listed REITs in turn continue to post healthy results with new leasing \/ renewals happening at escalated rentals within their portfolios. On the leasing front, some of the largest global corporations added further office spaces to their existing presence across the major cities in South India. Mumbai benefitted from a mix of both front office and IT-ITeS demand.\u00a0<\/p><p>As the world continues to be affected from recurring waves of the pandemic, the jury on the asset class is still out. Yet, basis the interim trends, one can conclude that WFH is unlikely to replace the requirement of offices and that commercial asset class in India may actually grow as more global corporations set up their offshoring units in order to become cost-competitive.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The COVID-19 pandemic induced lockdowns brought about a change in the way businesses operate. As corporates adopted Work-from-Home (WFH), working through digital tools and online meetings became the norm. An early expectation was that the flexibility and cost arbitrage offered by WFH would lead to increase in office vacancies. However, as the year panned out [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1525,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-1516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insights"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>India Office RE: Investing and Leasing Trends during COVID - Earnnest<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.earnnest.me\/web\/india-office-re-investing-and-leasing-trends-during-covid\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India Office RE: Investing and Leasing Trends during COVID - Earnnest\" \/>\n<meta property=\"og:description\" content=\"The COVID-19 pandemic induced lockdowns brought about a change in the way businesses operate. As corporates adopted Work-from-Home (WFH), working through digital tools and online meetings became the norm. An early expectation was that the flexibility and cost arbitrage offered by WFH would lead to increase in office vacancies. However, as the year panned out [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.earnnest.me\/web\/india-office-re-investing-and-leasing-trends-during-covid\/\" \/>\n<meta property=\"og:site_name\" content=\"Earnnest\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-01T06:39:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-30T09:02:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.earnnest.me\/web\/wp-content\/uploads\/2021\/08\/magnet-me-LDcC7aCWVlo-unsplash-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"427\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Earnnest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@earnnest_me\" \/>\n<meta name=\"twitter:site\" content=\"@earnnest_me\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Earnnest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.earnnest.me\/web\/india-office-re-investing-and-leasing-trends-during-covid\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.earnnest.me\/web\/india-office-re-investing-and-leasing-trends-during-covid\/\"},\"author\":{\"name\":\"Earnnest\",\"@id\":\"https:\/\/www.earnnest.me\/web\/#\/schema\/person\/2e9831d90b42f348636f54e9e450f6ff\"},\"headline\":\"India Office RE: Investing and Leasing Trends during COVID\",\"datePublished\":\"2020-11-01T06:39:00+00:00\",\"dateModified\":\"2021-08-30T09:02:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.earnnest.me\/web\/india-office-re-investing-and-leasing-trends-during-covid\/\"},\"wordCount\":254,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.earnnest.me\/web\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.earnnest.me\/web\/india-office-re-investing-and-leasing-trends-during-covid\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.earnnest.me\/web\/wp-content\/uploads\/2021\/08\/magnet-me-LDcC7aCWVlo-unsplash-2.jpg\",\"articleSection\":[\"Insights\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.earnnest.me\/web\/india-office-re-investing-and-leasing-trends-during-covid\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.earnnest.me\/web\/india-office-re-investing-and-leasing-trends-during-covid\/\",\"url\":\"https:\/\/www.earnnest.me\/web\/india-office-re-investing-and-leasing-trends-during-covid\/\",\"name\":\"India Office RE: Investing and Leasing Trends during COVID - 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