Covid-19 impact: Office vacancy likely to increase in coming quarters

Covid-19 impact: Office vacancy likely to increase in coming quarters

While office rents have remained stagnant in the recent quarters of the calendar year 2020, office vacancy rates have risen steadily due to Covid-related issues.

Vacancies are likely to increase in the coming quarters before they see a trend reversal.

The demand-supply scenario has also remained similar over the past few quarters, according to the data released by CRE MATRIX.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, November 11 2020. 01:17 IST