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Showing posts from August, 2022

What is the importance of technology and data analytics in commercial leasing?

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A CRE platform that uses technology and data analytics can help both the property owner and the tenant. The property and location specific data helps an owner to unravel the unique advantages of a space and thereby reach out to right brands. Similarly, a brand looking out to rent a place finds it incredibly helpful to shortlist properties with the help of relevant and updated data. An obvious question at this stage is “what are the technologies or data analytics that we are talking about” in the context of  commercial leasing .  The involvement of technology starts even before the first step is taken to either offer a property for leasing or searching for a property to lease. A CRE platform using technology helps a property owner understand the characteristics of the property better and therefore supports him to decide on the potential renter as well as the rental range. Similarly, availability of various demographic data points specific to a location helps a brand short-list ...

What are the recent trends in commercial leasing post covid (e.g., restaurants and warehouses leasing)?

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  The unprecedented health crisis due to Covid 19 pandemic has disrupted most of the businesses during 2020 and 2021. The   commercial real estate   segment in India bore the brunt as leasing activities stopped abruptly, after registering an impressive growth in previous years. The chaotic situation where leases were renegotiated, spaces vacated and payments defaulted, created an unprecedented low for the CRE sector. However, 2022 ushered into a new hope with a successful vaccination program and no serious community health challenges. Firstly, the importance of both, Grade a tenants with high credit worthiness and Grade a spaces available for leasing, has become more pronounced. The other and equally important trend is the offer of flexible lease options that landlords are willing to work out with tenants especially for Grade B properties. In addition to these widely observed trends, the increasing acceptance of flex spaces and co-working spaces is also noted across all m...