News: Office relocations increase

Strategic HR

Office relocations increase

Several businesses, both Indian and foreign, are using the slowdown in the office real estate market to relocate their offices to locations where all their businesses can come under one roof at lower rentals. According to a Cushman & Wakefield study, office relocations and consolidation of space have more than doubled in the first half of 2013 against last year. The office market in India has matured considerably over the past 15 years since the boom began. In these years, though, geographical dynamics have changed quite a bit. In many areas like the NCR and in Mumbai, city centres have moved over the years.

Several businesses, both Indian and foreign, are using the slowdown in the office real estate market to relocate their offices to locations where all their businesses can come under one roof at lower rentals. According to a Cushman & Wakefield study, office relocations and consolidation of space have more than doubled in the first half of 2013 against last year. The office market in India has matured considerably over the past 15 years since the boom began. In these years, though, geographical dynamics have changed quite a bit. In many areas like the NCR and in Mumbai, city centres have moved over the years.

Read the Economic Times news report here.

Read full story

Topics: Strategic HR, #ChangeManagement, #Corporate

Did you find this story helpful?

Author


QUICK POLL

As a talent leader, which of these tools would help you navigate your Next Curve?

On News Stands Now
q_auto,f_auto/v1581046679/mag-february-2020.png

Subscribe now to the All New People Matters in both Print and Digital for 3 years.

.

Subscribe
And Save 59%

Subscribe now

How likely are you to recommend our content to a friend or colleague?

01
10
Selected Score :