Browsing Tag

office leasing 2024

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Office real estate

India’s Office Leasing Hits Record High in 2024 with 66.4 Million Sq Ft Activity

India’s office leasing market reached a historic high in 2024 with 66.4 million sq ft of activity, a 14% year-on-year growth. Bengaluru led the demand surge, recording 21.7 million sq ft of leasing. Flex spaces saw unprecedented growth, contributing 12.5 million sq ft, while Hyderabad and Mumbai crossed 10 million sq ft each for the first time.
Office real estate

Record Office Space Leasing in India: 53.43 Million sq. ft in First Three Quarters of 2024

India’s office market achieved record leasing of 53.43 million sq. ft in the first three quarters of 2024, with expectations to reach 70 million sq. ft by year-end. The flex segment emerged as a leading contributor, highlighting robust demand from global and domestic firms.