Delhi NCR and Bengaluru Lead Office Leasing Boom in Q1 2025
- Industry News
- April 3, 2025
According to Colliers, Delhi NCR and Bengaluru led India’s office leasing surge in Q1 2025, contributing to a 15% YoY growth. Strong demand, especially from tech, BFSI, and manufacturing sectors, outpaced supply, driving rentals up 8%. Flex space leasing grew 22%, signalling continued commercial real estate market expansion.
READ MOREIndia’s office market is set for a transformation in 2025, driven by the growing maturity of REITs, institutional investments, and evolving workplace strategies. With record office space absorption in 2024 and co-working giants exploring IPOs, the sector is poised for expansion, innovation, and increased investor participation.
READ MOREIndia’s office space leasing grew by 15% in Q1 2025, reaching 159 lakh sq ft across seven major cities, driven by corporate expansions and rising investments. Bengaluru, Chennai, and Delhi-NCR led the surge, while Hyderabad and Kolkata lagged. Experts foresee sustained momentum, with demand shifting towards ESG-compliant, tech-integrated workspaces.
READ MOREOffice space supply in India’s top cities declined 1% in Q1 2025, with significant drops in Bengaluru, Hyderabad, and Mumbai, while Delhi-NCR and Pune saw growth. Despite this, leasing activity surged 15%, signalling strong demand and potential market tightening, according to Colliers India.
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The flexible workspace industry is experiencing unprecedented growth, with 20-21% of India’s office market expected to be flexible by 2025. Industry leaders predict AI-driven workspaces, IPOs, suburban expansion, and managed offices leading the way. Read expert insights on what’s shaping the future of work and commercial real estate.
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India’s coworking industry is booming, with tier-2 and tier-3 cities driving expansion. Government initiatives, IPO listings, and rising demand for flexible workspaces fuel growth. Industry leaders predict a transformative phase, with hybrid work models, diversified services, and tech-driven innovations shaping the future of coworking in India.