Browsing Tag

Gross Leasing

2 posts
Office real estate

India’s Office Market Reaches Record Heights in 2024, Surpassing 49 Million Sq. Ft. in Net Absorption

India’s office market reached new heights in 2024, with net absorption surpassing 49 million sq. ft. and gross leasing volumes hitting a record 77.22 million sq. ft. Bengaluru led the growth, posting its best-ever performance, while global companies and flexible workspaces significantly contributed to the surge.
Indian retail

Indian retail sector booms: 5.3 million sq. ft leased in top 7 cities during first 9 months (Jan-Sept) of 2024

The Indian retail market demonstrated remarkable resilience in 2024, with gross leasing reaching 5.3 million sq. ft across the top seven cities during the first nine months. Led by Bengaluru, Delhi NCR, and Mumbai, demand was particularly strong for fashion and apparel, which accounted for 37% of leasing activity. Despite limited new retail space, the influx of domestic and international brands signals a growing optimism in the sector, with expectations to exceed 6.5 million sq. ft by year-end.