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.

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%…