Office Reits eye AI-resilient, GCC-driven tenant portfolios, acquisitions to expand | Company Business News

Flight to quality

“The AI narrative has been running for the last three years. In that period, office demand has grown. GCCs, technology, consulting, BFSI clients, the biggest adopters of AI, are all hiring at scale,” said Ramesh Nair, CEO and managing director, Mindspace REIT. “There is no evidence of mass vacancy increase. The very AI companies blamed for killing offices are taking new office spaces. I believe AI will accelerate the flight to quality. Companies will seek upgraded spaces, stronger amenities, better sustainability credentials.”