Browsing Tag

office leasing

27 posts
India’s office real estate market scaled new heights in 2025 with net leasing touching 55.16 million sq ft across the top seven cities. GCCs emerged as the biggest growth driver, while Pune recorded the fastest expansion and office rentals continued to rise.

Maharashtra’s New GCC Push Set to Energise Office Leasing Beyond Mumbai & Pune

Maharashtra’s newly approved GCC policy targets the next wave of leasing expansion — redirecting global enterprises from Mumbai and Pune to emerging cities. With capital subsidies, added FSI, tax incentives and fast approvals, the state aims to lift GCC leasing from 15 to 25 million sq ft in five years while opening new opportunities in sectors like defense, aerospace and renewable energy.
Awfis

Awfis Partners with Zinnov to Power the Future of GCCs in India

Awfis partners with consulting firm Zinnov for the 18th edition of Zinnov Confluence 2025, reaffirming its commitment to empowering Global Capability Centres (GCCs) in India with agile, premium workspaces tailored for global enterprises.
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.

India’s Office Market Set for Record 90+ Million Square Feet Leasing in 2025

India’s office leasing market is on track to cross a record 90 million sq ft in 2025, with strong demand from tech firms, GCCs, and flex operators driving growth across major cities.
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.

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.
Mumbai’s office stock hit 169 Mn sq. ft. in H1 2025, with over 50% in Grade B assets. SBDs lead the shift, flex space dominates leasing, and vacancy hits a 10-year low, as per Knight Frank’s Billion Sq Ft report.

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.