Office Market Rental Growth Surges Past Pre-Pandemic Levels in 2024

The Indian office market has reached a significant milestone in 2024, as average rents across major cities exceed pre-pandemic levels for the first time since 2019. Driven by a robust recovery in demand, certain core micro markets have seen rental increases of up to 25%. This article explores the city-wise trends, cumulative demand and supply metrics, and the outlook for future growth in commercial real estate.

India’s Office Market Witnesses Strong Tenant Demand 

-Net Absorption in Q1 2024 at 11.5 MSF across top-8 cities; third highest in…

Q4 propels record-high office leasing activity; at 58.2 msf 2023 witnesses 16% YoY growth in demand

·       Q4 2023 records 20.2 mn sq ft of gross absorption, highest ever…

India’s Grade A office market is likely to touch 1.2 billion sq ft by 2030

India’s Grade A office market is likely to touch 1.2 billion sq…