The way retail and entertainment spaces have traditionally been leased is undergoing a change post COVID-19. Hybrid working and role transformation of employees is also modifying the need of businesses for space.
Leasing out a commercial property is a specialised and time consuming work because there are so many legal and financial requirements to be taken care of before the agreement is concluded. It could get quite overwhelming for someone not very conversant with the financial and legal terms used while closing a lease agreement. Not paying enough attention to it, could put the property owner in trouble later on.
This year is witnessing a reversal of the trend of the last two years in commercial leasing. With Covid-19 on the retreat and an effective universal vaccination program, the Indian economy is fast returning to pre-pandemic levels. Momentum around e-commerce, logistics, data centers and sustainability is adding tailwinds to this growth in commercial leasing.