Office space market on road to recovery Study News Today
| Tuesday | 23rd February, 2021
Chennai: The pandemic notwithstanding office space deals witnessed significant growth at $3102 million in 2020.
The report stressed that the REITs market has been the biggest catalyst to keep investment momentum up.
“Business activities resumed with the gradual opening of the economy in the third quarter of 2020 and the office market witnessed green shoots of recovery.
Sentiments improved further in the last quarter of 2020 with the news of potential vaccine development and the office market continued its recovery momentum” it added.
With stable rental values and low vacancy levels the office market in India will continue to be characterised by strong fundamentals in 2021” it stated.
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