India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

India’s office market hit a historic high in 2025 with 83.3 MSF of leasing. GCCs led with a record 31 MSF, Flex operators reached their highest quarterly share, and net absorption touched an all-time high of 57 MSF. Vacancy levels dropped to a five-year low as major cities posted record activity and strong demand signals.
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India’s office market achieved a record 82.6 million sq. ft. in leasing during 2025, supported by tech firms, flex operators and BFSI occupiers. GCCs remained the strongest demand engine and are expected to drive up to 40% of absorption in 2026. New supply also touched an all-time high at 58.9 million sq. ft.
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India’s office real estate market closed 2025 with a record net absorption of 61.4 million sq. ft., led by Bengaluru and Delhi NCR. Strong GCC and IT-BPM demand, rising rentals, tightening vacancies, and robust leasing activity strengthened the outlook for office REITs, yields, and long-term income stability
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India’s office market is close to crossing 1 billion sq ft of institutional-grade stock, driven by GCC growth, large campus consolidation, and renewed return-to-office trends. Strong leasing, regulatory support, and rising investor confidence are positioning REITs as a key channel for long-term capital and sustainable value creation.
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MUMBAI: The country’s financial capital has climbed to the top of India’s commercial real estate ladder. According to a new report by Anarock Research, office rentals in the Mumbai Metropolitan Region (MMR) have jumped 28% in three years — from ₹131 per sq ft in 2022 to ₹168 in 2025 — making it the most
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India’s office real estate market is set to grow steadily, driven by 15–20 high-activity micro markets across top cities. According to Colliers, these zones will account for over 80% of future demand and supply, led by expanding infrastructure, emerging flex space needs, and continued interest from global capability centres.
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