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office leasing

19 posts
India Defies Global Office Rental Slump, Posts Record Growth in Leasing

This City in the Country Holds the Highest Vacant Office Stock in India

This City holds the highest vacant office stock in India, reaching 28 million square feet in Q1 2025. While demand for office space remains robust across major cities, new supply and absorption trends show a dynamic real estate landscape, with Bengaluru, Mumbai, and Pune leading in absorption. This article provides an in-depth analysis of the office market in India, highlighting key trends and data from Q1 2025.
Foreign Investor Confidence Rebounds as Institutional Real Estate Investments Surge 47% in Q1 2025

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.
BFSI Sector Shatters Leasing Records with 13.4 Million Sq. Ft. Take-Up in 2024: JLL Report

BFSI sector breaks previous records to lease 13.4 million sq. ft in 2024, amid the best year for office demand in the country

India’s Banking, Financial Services, and Insurance (BFSI) sector reached a historic milestone in 2024, leasing 13.4 million square feet of office space—the highest in a single year. A new report from JLL highlights the sector’s rapid growth, driven by both domestic and global firms, particularly in key financial hubs like Mumbai, Bengaluru, and Delhi NCR. As fintech innovation and digital financial inclusion rise, BFSI is set to play an even bigger role in India’s commercial real estate landscape.
Minimalist Coworking

India’s Flexible Workspace Sector Hits Record 12.4 Million Sq. Ft. Leasing in 2024

India’s flexible workspace sector achieved a record gross leasing volume of 12.4 million sq. ft. in 2024, marking a 57.5% year-on-year growth. Bengaluru led with the highest leasing volume, while Mumbai saw a threefold increase. The demand surge is driven by evolving business needs, hybrid work models, and rising enterprise adoption of managed office solutions.
Flex Office spaces

India’s Office Market Poised for Strong Growth in 2025, Led by Engineering, BFSI, and Flex Spaces

Office leasing in India is projected to reach 65-70 million sq ft in 2025, led by engineering, BFSI, and flex spaces. Bengaluru will remain the top market, with over 20 million sq ft of demand, followed by Hyderabad and Delhi-NCR at 10-15 million sq ft each. The expansion of Global Capability Centers (GCCs) and a shift towards sustainable office spaces will further drive growth.