Office Spaces Uplifting The Realty Market

Office Spaces- The Support System Of Real Estate

“The leasing of office is reaching up new heights in 2019 and will continue to grow up more in the long run. It will strengthen the buyers or investors attitude.” As the expert said.

As it is seen the real estate was stagnant for a while the office spaces have boosted up. It actually led to push the economic slowdown and the overall growth. According to CBRE South Asia Pvt. Ltd. a real estate consulting firm, recently said that for the 3^rd quarter of 2019 office spaces have taken an up flight and increased to 30%, to 47 million Sq.Ft. as compared to last year.

What does the trend shows?

If the same trend continues, it is likely to cross 60 million Sq. Ft. in 2019 in view of 50 million Sq. Ft of 2018. The corporate are looking forward for expanding their operations and that’s leading to encourage leasing of office spaces. 

A large fresh supply of office spaces of 43.5 million Sq.Ft also is the reason for the increase in office space leasing. In 2019, the fresh supply in fact rose by 80% with respect to the year 2018.

MARCH-JUNE QUARTER 2019

Year	2019
Leasing Activity	6% increase against 2018

JULY-SEPTEMBER QUARTER 2019

Year	2019
Leasing Activity	23% increase against 2018

Small-to-Medium Sized Transaction

·        Small sized transaction accounts for 10,000 Sq.Ft

·        Medium Sized transaction accounts for 10,000 Sq.Ft to 50,000 Sq.Ft..

·        Large Sized transaction accounts for greater than 1,00,000 Sq.Ft.

The small sized transaction always dominated the medium sized transactions. Small sized constitutes around 40%, Medium Sized held a share of 43% wherein large sized transactions only have 9% contribution.

Seeing through the trend of Small Sized office spaces, the Bhutani Alphathum launched the all new working spaces “ALPHAPOD” at Sector 90, Noida. Priced at just Rs 4.95 Lakhs (all inclusive) and 0% interest. They are ready to move in small office spaces with all exclusive features.

Bhutani Alphathum “ALPHAPOD”

USP of ALPHAPOD

·        8 easy interest free installments

·        9 years* guaranteed lease

·        Flexi payment plan

·        CC applied

HIGHLIGHTS of ALPHAPOD

·        Common reception

·        Full services concierge

·        Maintenance and housekeeping services

·        Shuttle service to airport

·        Service oriented workplace

·        Cost advantages for small occupiers

·        Shared cab management services for staff

·        IT software and hardware support services

·        Travel helpdesk

·        Shared pantry services

·        Free access to club for business meetings

LOCATION ADVANTAGES

·        Located at Sector 90, Noida Expressway.

·        Operational metro station at doorsteps.

·        30 mins drive to Jewar International airport.

·        20 minutes drive from Ashram chowk.

·        Close proximity to Yamuna Expressway and FNG flyway.

·        Near to Delhi-Mumbai Industrial Corridor (DMIC).

Right Time! Right Investment!! Right Decision!!!

However, the imbalance in supply-demand is likely to support rental growth in the near future. It’s the best time to make the correct move with the right place of investment and at the right time as prices are expected to increase overtime benefiting the buyers and the investors in the long run.