Office: On an annual basis, gross leasing volume in 2020 was 8.32 msf, lower by 40% y-o-y, with fresh leasing in operational stock and term renewals at 4.31 msf and 3.82 msf, respectively in the current year.
Retail: On a broader city level, F&B operators have benefited from the relaxations provided by the state government to open restaurants and eateries, which has led to higher footfalls and improved leasing by F&B brands during the quarter.
Residential: The festive season and lockdown relaxations drove the improved sales activity during the quarter, as potential home buyers who were fence sitting during the lockdown period executed their home buying decisions in Q4.
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