Office space leasing momentum to continue, but at less than pre-pandemic pace: Crisil
After nosediving 45-50% in fiscal 2021, with many rental agreements either retracted or revised, net leasing space saw some upturn in fiscal 2022. The pick-up will raise occupancy and keep the credit profiles of commercial realty developers healthy, showed a CRISIL Ratings analysis of 68 companies with over Rs 50,000 crore of debt and total leasable area of 150 million sq ft.