Commercial spaces including offices in India are undergoing dynamic changes. Research suggests that the newly developed commercial assets demonstrate better performance in important metrics such as operational efficiency, operating costs, technology, community, wellness, safety and compliance as well as occupancy and rental levels.
Nearly 105 million sq. ft of the total of 379 million sq. ft. of Grade A commercial office space in the top three cities in India is more than a decade old and faces the risk of higher vacancies and lower rentals.
Upgrading these buildings presents a massive potential investment opportunity of an estimated INR 55 billion. This report deep dives into how investors, developers and other stakeholders can upgrade commercial assets to create lasting value, increase rentals and lower vacancies.