Browsing Tag

flex space leasing

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India’s office sector delivered 37.9 million sq ft leasing in H1 2026 with a marginal 3.9% YoY decline. GCCs leased 15.8 mn sq ft and flex operators hit a record 10.23 mn sq ft as net absorption reached a decade-high of 26.9 mn sq ft, per JLL.

India Office Market Leases 37.9 Mn Sq Ft in H1 2026; GCCs on Track to Break Record

India’s office sector delivered 37.9 million sq ft leasing in H1 2026 with a marginal 3.9% YoY decline. GCCs leased 15.8 mn sq ft and flex operators hit a record 10.23 mn sq ft as net absorption reached a decade-high of 26.9 mn sq ft, per JLL.
Embassy Developments Ltd. announces a premium residential project at Embassy Springs, Bengaluru. Spanning 14 acres and 1.55 million sq. ft., the project will feature over 800 luxury apartments with superior finishes, launching by December 2025.

GCCs Push Office Demand Beyond 50 Million Sq. Ft. in 2025; Tech & BFSI Lead Leasing Momentum

India’s office space demand hit 50.9 msf in the first nine months of 2025, up 8% YoY. GCCs, technology firms, and BFSI companies are driving growth, while Pune and Chennai have already outperformed their 2024 leasing levels.
Mumbai’s office stock hit 169 Mn sq. ft. in H1 2025, with over 50% in Grade B assets. SBDs lead the shift, flex space dominates leasing, and vacancy hits a 10-year low, as per Knight Frank’s Billion Sq Ft report.

Mumbai Office Market Hits 169 Mn Sq Ft: Over 50% Stock in Grade B Category, Flex Space Demand Soars

Mumbai’s office stock hit 169 Mn sq. ft. in H1 2025, with over 50% in Grade B assets. SBDs lead the shift, flex space dominates leasing, and vacancy hits a 10-year low, as per Knight Frank’s Billion Sq Ft report.