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Engineering and manufacturing companies see increased office leasing in Q1 2021

Commercial Design

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May 2021

The engineering and manufacturing sector accounted for the second highest leasing share in the top six Indian cities, after the IT-BPM sector as manufacturing companies bet on India to set up their global in-house centers.

Engineering and manufacturing companies see increased office leasing in Q1 2021

During Q1 2021, the engineering and manufacturing sector’s leasing accounted for about 18% of the total leasing, up from 11% in Q1 2020.

The IT-BPM accounted for about 47% of the total leasing, driving demand. The average deal size in the IT-BPM was about 37,500 square feet. Interestingly, EdTech companies accounted for 7% of the total leasing.

Overall, Bengaluru led leasing activity with share of about 47%, followed by Mumbai and Delhi-NCR with a share of 16% and 14% respectively.

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