Market Outlook

With leasing activity totaling close to 360,000 sf, Q1 2019 recorded the highest first quarter leasing for the city in the last 7 years. Salt Lake submarket constituted an overwhelming majority (97%) of the leasing recording two large transactions above 100,000 sf during the quarter.

With strong leasing activity headlined by select sub-markets, net absorption for Q1 stood at 1.4 msf; nearly three times higher compared to Q1 2018. Nearly 50% of the net absorption was seen on account of new project completions during the quarter.

The overall vacancy reduced considerably to 11.7% from 13.4% on the back of stock withdrawal of four non performing / poor grade malls totaling to 975,000 sq ft. during the quarter. This highlights the high occupancy and good performance of quality mall developments across the city.

Brands like Lifestyle, Shoppers Stop, Louis Vuitton, Arrow, Meena Bazaar, Sabhyata, and Manyavar leased spaces in malls during Q1 2019. F&B, fitness and apparel brands like Haldiram’s, CultFit, and FBB expanded their retail footprint in main street spaces in Delhi and Gurugram. 

Limited vacancy in existing malls led to a greater quantum of leasing activity on main streets during the quarter. Prominent activity by lifestyle & F&B segments was seen on the high streets of Aundh & Pimpri-Chinchwad.

Retail sales of Winter 2019 shows a 0.9% year-on-year growth, underpinned by the drugs and toiletries category, which grew a robust 2.3% y-o-y. On the other hand, the new Chinese E-commerce Law, that took effect on January 2019, imposes a stronger regulation on the domestic resale of commodities purchased overseas, which would likely impact Chinese tourists’ inbound spending in Japan.

Preqin tracks over 1,000 family offices with active investment mandates in alternatives – with fewer restrictions and more flexibility than other investor types, how are they investing? We use data available on Preqin Pro to reveal their investment preferences, from targeted asset classes to targeted real estate strategies, and current median allocation to current assets under management.

As the final-large scale development area within the 3rd Ring Road of Beijing, Lize Financial Business district (Lize FBD) has a site area of 8.09 square kilometres (87.1 million square feet), covering four administrative areas: Lugouqiao East, Wanquansi, Xiju and Taipingqiao. 

The core area of the Lize is west of…

As the final-large scale development area within the 3rd Ring Road of Beijing, Lize Financial Business district (Lize FBD) has a site area of 8.09 square kilometres (87.1 million square feet), covering four administrative areas: Lugouqiao East, Wanquansi, Xiju and Taipingqiao. 

The core area of the Lize is west of Taipingqiao Road and Dongguantou Road, east to Jingjiu Railway, north to the planned South Maliandao Road, and south to the planned Jinzhongdu North Road. 

The global financial crisis made it mandatory for corporates to bring in efficiencies in space management. The important trends that impacted the corporate world were Capex and a thriving start- up ecosystem. Moreover, the growing demand from freelancers, consultants and corporates led to co-working spaces growing like never before. Supplemented by the needs and wants of the new generation, the budding popularity of such spaces is expected to only increase further.

Co-working spaces, today, are not confined to…

The global financial crisis made it mandatory for corporates to bring in efficiencies in space management. The important trends that impacted the corporate world were Capex and a thriving start- up ecosystem. Moreover, the growing demand from freelancers, consultants and corporates led to co-working spaces growing like never before. Supplemented by the needs and wants of the new generation, the budding popularity of such spaces is expected to only increase further.

Co-working spaces, today, are not confined to small businesses or start-ups. Even large corporates are gung-ho about the concept and occupy a significant share of the pie. The flexibility intertwined with superlative amenities and a community driven ecosystem are attracting occupiers to co-working spaces. In fact, co-working space is rapidly emerging as a vital player in the commercial real estate sector of India. According to the estimates, there are approximately 325 to 330 co-working operators in the top seven cities in India. Some of the major players dominating this space include WeWork, Awfis Space Solutions, The Hive, CoWrks etc.