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.
This story is from the May 2021 edition of Commercial Design.
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This story is from the May 2021 edition of Commercial Design.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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