Space Creattors Heights Redefining Professional Workspaces with Premier Co-Working Solutions
- Leadership
- April 26, 2024
Net office leasing in India is projected to grow 10-12% to 41-43 million sq ft in FY25, driven by strong demand from GCCs, BFSI, and manufacturing sectors. Vacancy rates are stabilising, and GCCs are expected to account for 40-45% of total net leasing, signalling continued growth in commercial real estate.
READ MOREIndia has become a top destination for Global Capability Centers (GCCs), leasing 53 million square feet of office space since 2022. With 67% of GCCs planning further expansion, India’s skilled workforce, cost-effectiveness, and supportive government policies continue to attract global firms, boosting the commercial real estate sector.
READ MOREFlexible office spaces in India have reached a record 12.7% share of total office leasing in the first half of 2024. Major sectors like IT, engineering, and BFSI are driving demand. With key operators expanding, flex spaces are poised for continued growth as companies seek cost-effective and adaptable workspace solutions.
READ MOREManaged office spaces transform India’s workspace landscape with flexibility, technology integration, and strategic locations. Discover how these factors drive the growing demand and shape the future of the Indian office market.
READ MOREIndia’s office market embraces sustainability, with 65% of Grade A spaces now green-certified. Bengaluru leads the way, driving demand for eco-friendly offices. Tenants are willing to pay a 12-14% premium for these spaces, recognising their benefits for productivity and well-being. Green certifications are shaping the future of real estate in India.
READ MOREExplore five creative strategies to repurpose underutilised office spaces in India. From strategic subleasing to transforming spaces for artists and social initiatives, discover how to add value and engage the community.
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