Corporates unwilling to surrender office leases despite work from home policies2 min read . Updated: 11 Mar 2021, 03:08 PM IST
- Flexible working options that have been prevalent in workplaces over the past 12 months can be a long-term threat to office absorptions
Mumbai: Despite remote and flexible work becoming a viable option for corporate employees post pandemic, companies appear unwilling to give up leases on their office spaces. A new report by credit ratings agency India Ratings and Research found that very few companies have given up leases as they typically incur substantial upfront fit-out costs if a return to office starts sooner than expected.
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