Key Takeaways

Covid brought about a paradigm shift in the commercial real estate model of large multinationals who transformed their CRE strategy from Hub & Spoke to Hub & Flex owing to an employee-first approach and the great amount of flexibility offered by flexible workspaces.

With work from home’s long term sustainability in question, Indian businesses took a blunt approach and decided to reduce permanent office footprint by adopting flexible offices as part of their larger CRE strategy.

In the beginning of the pandemic as small front office got vacant, their value dropped. This provided a unique opportunity to local Indian businesses to buy offices at the back of great capital value.

Post 3rd wave, positivity around commercial real estate and office occupancy is back. Hybrid model is here to stay with different formats of it being adopted by occupiers across globally.

Launch of 3 successful REITS, investments by large institutional investors in Indian CRE and increase in leasing activity by 15% are huge indicators of the positive outlook for CRE in 2022.