Browsing Tag

grade a office spaces

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

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.
Office real estate

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.
Flex Office spaces

India’s Office Real Estate Market Set to Reach Record 85 Million Sq Ft Leasing in 2024

India’s office real estate market is on track to reach a record 85 million square feet in leasing in 2024, reflecting a strong recovery driven by demand from key sectors such as IT-BPM, BFSI, and Global Capability Centres. The growth signals sustained business confidence and a positive outlook for the commercial real estate sector.
Industrial and Warehousing real estate industry

Gross absorption in industrial and warehousing facilities up 11% YoY; Grade A vacancy drops

·       Large deals account for 80% of leasing ·       Average deal size up 30%…