Office Leasing in Q1 2025 Rises 15% YoY to 15.9 Million Square Feet Across Top 7 Cities

India’s office leasing market kicked off 2025 on a strong note, recording a 15% year-on-year increase in Q1, with 15.9 million sq. ft. of space absorbed across the top seven cities. Bengaluru and Delhi NCR led the charge, driving nearly half of the total leasing activity. Meanwhile, flex spaces gained momentum, accounting for 14% of total Grade A office space uptake. With demand outpacing supply, office rentals surged by 8% annually, while vacancy levels dropped by 120 basis points, reflecting the continued resilience of the commercial real estate sector.

Colliers India Facilitates 68,021 Sq. Ft. Office Deal for Protean eGov Technologies in Mumbai

Colliers India has executed a major 68,021 sq. ft. office transaction for Protean eGov Technologies Ltd. at One International Center, Lower Parel. This strategic move aligns with Protean’s mission to drive digital transformation, with Colliers also leading the office design to create a collaborative and innovative workspace.

Rubrik Secures 207,000 Sq. Ft. Office Space at Embassy TechVillage, Bengaluru

Rubrik has secured a 207,000 sq. ft. office space at Embassy TechVillage, Bengaluru, through an Agreement to Lease facilitated by Colliers India. This move highlights Rubrik’s commitment to fostering innovation and collaboration in India, leveraging the world-class facilities of Embassy REIT’s flagship property.

India’s Office Leasing Hits Record High in 2024 with 66.4 Million Sq Ft Activity

India’s office leasing market reached a historic high in 2024 with 66.4 million sq ft of activity, a 14% year-on-year growth. Bengaluru led the demand surge, recording 21.7 million sq ft of leasing. Flex spaces saw unprecedented growth, contributing 12.5 million sq ft, while Hyderabad and Mumbai crossed 10 million sq ft each for the first time.

Electric Vehicles Drive Real Estate Growth in India: A USD 40 Billion Opportunity by 2030

India’s electric vehicle (EV) sector is set to attract USD 40 billion in investments by 2030, unlocking significant real estate opportunities in manufacturing, charging infrastructure, and industrial spaces. Learn how the EV boom will reshape India’s real estate market.