Net Office Leasing Surges 40% Across Top 7 Cities in H1 2025, New Supply Up by 25%

India’s office real estate market soared in H1 2025, with net absorption rising 40% year-on-year to nearly 27 million sq. ft. Bengaluru led leasing volumes, while Pune saw a record 533% jump in new supply. Strong demand from IT/ITeS, coworking, and BFSI continues to drive growth despite global uncertainties.

India’s Flexible Workspace Sector Hits Record 12.4 Million Sq. Ft. Leasing in 2024

India’s flexible workspace sector achieved a record gross leasing volume of 12.4 million sq. ft. in 2024, marking a 57.5% year-on-year growth. Bengaluru led with the highest leasing volume, while Mumbai saw a threefold increase. The demand surge is driven by evolving business needs, hybrid work models, and rising enterprise adoption of managed office solutions.

Onward Workspaces Expands with 18,000 Sq. Ft. Premium Facility at Emaar Capital, Gurgaon, to Serve Global Enterprises

Onward Workspaces has leased 18,000 sq. ft. of premium office space at Emaar Capital, M.G. Road, Gurgaon, marking a strategic expansion to cater to the growing demand for flexible, Grade-A office solutions. The new facility, designed to foster innovation and collaboration, has already secured strong interest, with a UK-based multinational shipping company pre-booking 45% of the available area. This expansion is part of Onward Workspaces’ broader plan to add 150,000 sq. ft. of office space across Delhi NCR by the end of 2024.

Minimalist Hotels Launches Coworking Spaces

Minimalist Hotels has introduced coworking spaces at its locations in Goa, Delhi, and Varanasi, merging café environments with productive work areas for digital nomads. This initiative caters to remote workers, offering flexible and inclusive spaces designed for creativity and collaboration.

Coworking Drives Commercial RE Through Turbulent Times 

Utkarsh Kawatra, CEO & Co-founder, myHQ(ANAROCK Group) 12% decline in regular office leasing…