Browsing Tag

Indian office market 2025

2 posts
India’s Office Rentals Rise 6% as Companies Rush to Expand

India’s Office Rentals Rise 6% as Companies Rush to Expand – Pune and Bengaluru Lead, Vacancy at 3-Year Low

Office rentals in India’s top cities are up 6%, vacancy has dropped to a three-year low, and absorption has hit a record 42 million sq. ft. Pune and Bengaluru lead the boom, signaling corporate expansion despite global headwinds.
India’s flex workspace stock across the top seven cities is expected to cross 100 million sq ft by 2027, with penetration rising to 10.5%, driven by strong enterprise demand, GCC expansion, and rapid growth in Bengaluru, Pune, and Chennai.

Southern Cities Lead GCC Office Leasing with 64% Share in Q1 2025

India’s Global Capability Centres (GCCs) leased 8.35 Mn sq. ft. of office space in Q1 2025, with Bengaluru, Chennai, and Hyderabad capturing a 64% share, according to ANAROCK. The sector saw a 72% YoY jump, driven by IT, BFSI, and manufacturing growth.