Office: Demand for flexible workspaces has grown substantially amidst tight vacancies. As such, flexible workspace operators have leased 2.1 msf. (including grade B) during the year, a 3X rise on an annual basis.
Retail: While space demand was healthy across malls and main streets during Q4, with vacancy tightening in major malls, retailers across all major categories continued to actively explore space options in main streets.
Residential: A steep rise in land values, scarcity of large-sized land parcels and robust commercial growth in the core locations are pushing developers to look at alternative corridors.
Industrial: Prime warehousing and logistics space rents in key locations have increased by 12-18% on annual basis driven by strong demand and tightening vacancies.
India Investment: Foreign investors held close to 73% share in investment volumes in 2019; large platforms targeting development of office and industrial assets continue to be formed.
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