Latest news with #TheConnect
Time of India
01-05-2025
- Business
- Time of India
Hyderabad housed highest vacant office stock of 28.5 m sq ft in Q1 of 2025
Hyderabad: With 28.4 million sq ft of Grade A office space lying vacant, Hyderabad had the highest vacant office stock among the top seven cities in the country in the first quarter of 2025 (Q1-2025), according to realty consulting firm Vestian. However, when it came to overall vacancy levels, Hyderabad, which has a total Grade A office stock of 162 million sq ft as of Q1 2025 and vacancy levels of 17.5%, was second after Kolkata, which had nearly 29% (7.9 million sq ft) of its total office stock of 27.5 million sq ft lying vacant as of Q1 2025. The heartening news, however, was that the total vacancy rate in Hyderabad declined from 19% in Q4 2024 due to muted supply and relatively higher absorption, said the report 'The Connect Q1 2025'. The city had negligible new completions during Q1 2025 as compared to 5 million sq ft of new supply in Q4 2024, it added. Since 2020, the city reported 59 million sq ft of new completions and absorption of 48.5 million sq ft, but in Q1 2025, Hyderabad recorded an absorption of only 2.66 million sq ft, its lowest in the past four quarters. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like They Lost Their Money - Learn From Their Lesson Expertinspector Click Here Undo This led to Hyderabad's share in the pan-India absorption also sliding to 15% in Q1 2025 from 21% in Q4 2024 and 17% in Q1 2024, the report said. However, global capability centres (GCCs) accounted for half the total office space absorption in the city during the quarter, accounting for 17% of the space leased by GCCs across the top seven markets. For Q1 2025, the lifesciences and healthcare sector accounted for 30% of the total office space leased during the quarter in the city as against 15% clocked in the previous quarter (Q4 2024), while the share of the IT/ITeS sector fell from 38% in Q4 2024 to 20% in Q1 2025. Consulting services and engineering and manufacturing sectors together accounted for 21% of the total absorption during the quarter.
Yahoo
08-02-2025
- Business
- Yahoo
Black History Month: Local CEO creates premier networking company
The Brief February is Black History Month and we are celebrating people and organizations in our community making a difference. A Philadelphia native who launched a networking company three years ago, focusing on connecting Black and Brown professionals is being highlighted. PHILADELPHIA - Senzwa Ntshepe is the CEO of The Connect, Philadelphia's premier networking group for Black and Brown professionals. The mission of The Connect is to create city ecosystems where professionals can thrive socially, professionally, and philanthropically. The organization helps Black professionals build community while also helping to facilitate access to career opportunities by bringing together people from diverse industries. What they're saying "The Connect is birthed off of need," said Ntshepe. "A lot of folks were leaving Philadelphia to seek better social and professional opportunities elsewhere. We really say that we like to connect folks to capital, conviction, and community. And community is really at the center of everything that we do." "When Black and Brown folks have felt threatened or have felt uncomfortable, community is always what saved them," he continued. "We strive to create a space where it feels like home," said Stephon Braithwaite-Martin, The Connect's Chief Growth Officer. "Where you're meeting strangers, but it feels like family. It is paramount that our Black folks are able to find communities they feel safe in. That we can be our own multifaceted selves." Big picture view The group achieves their mission through year-round events such as their Black Excellence Gala, engaging conversations, and Friday night's LikeMinded Black History Month Mixer. "They know that people feel a little bit nervous," said Ashley Lyles, CEO of A+ Event Consulting. "I think they make it a point to make events very engaging and friendly and open and we always have fun." What you can do The Connect has expanded to Washington, D.C. and a chapter will soon launch in Memphis, Tennessee. It is free to become a member. You can find more information on The Connect's website, here.
