India county Park city Mumbai reports pandemic Waves India county Park city Mumbai

Reit yields at risk as office vacancies rise amid covid

Reading now: 856
www.livemint.com

MUMBAI : Investors in commercial real estate, including listed real estate investment trusts (Reits), are likely to see a fall in rental yields in the coming months as leases expire and pandemic fears depress fresh leasing.

There are three listed Reits in India—Embassy Office Parks, Mindspace Business Parks and Brookfield India Reit—that invest in grade-1 properties.

Since the pandemic outbreak in March 2020, vacancies at office properties have risen by 300 basis points (bps) to touch 16.6% in June 2021 and are expected to rise 200-300 bps this fiscal year, according to ICICI Securities.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News