RCA in the commercial property press:

Cushman & Wakefield’s CEO Asia Pacific Believes Indian CRE will Experience Growth

Business Standard reports: Sanjay Verma, Cushman & Wakefield’s CEO of the Asia Pacific region, believes that the Indian retail market has much room to grow due to the impending and continued growth of the middle class and the lack of retail infrastructure. “It is not who wants to come but why. The Indian retail market is under-developed, the density of organized retail is low and efficiency in the supply chain and distribution is missing,” Verma said in an interview with Business Standard.

Verma went on to say that the technology, banking, and finance sectors will be big drivers in Indian office space due to the global spread of large key tenants. Quoting data from Real Capital Analytics, he mentioned that Asia has been much quicker than the Americas or EMEA regions in bouncing back from recession and global capital flows showed this.

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Posted by: Kevin Imboden

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