Office Demand Archives - Flex Insights

Office Space Demand in India Surges: Bengaluru and NCR Lead the Way 0
- Industry News
- January 8, 2025
India’s office space sector hit 71.9 million sq ft in 2024, a 20% YoY growth driven by Bengaluru and NCR. Flex spaces surged with 52% growth, while Hyderabad and Pune faced rising vacancies. Demand outpaced supply, boosting rents. Key markets and hybrid work models fuel India’s commercial real estate boom.
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India’s Office Market Embraces Flex Spaces for the Future 0
- Industry News
- September 23, 2024
A new report reveals that over 80% of Indian office occupiers plan to adopt flexible office spaces. Key drivers include cost efficiency, hybrid work models, and enterprise-grade amenities. Flex spaces are increasingly used for core operations, with longer lease commitments expected. Prime locations remain a priority for businesses.
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GCCs Set to Occupy 26 Million Sq Ft Office Space by 2027: Knight Frank India 0
- Industry News
- July 26, 2024
By 2027, India’s Global Capacity Centres (GCCs) are expected to expand their office space to 26 million sq ft, driven by a surge in leasing deals and strategic growth in the IT/ITeS and BFSI sectors. This growth not only underlines India’s pivotal role in global business innovation and talent acquisition but also sets a promising trajectory for the future of these sectors.
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Indian Office Market on Track to Become “Office to the World” | JLL Report 0

India’s office market is set to become the “Office to the World,” with record leasing volumes projected for 2024. The first half saw 33.5 million sq ft leased, driven by Global Capability Centres and sectoral solid performances. Key cities like Bengaluru and Delhi NCR led the growth, reflecting positive market sentiments.

Mumbai’s Office Market Soars with 79% Year-On-Year Growth 0

Mumbai’s office market saw a 79% year-on-year growth in H1 2024, with transactions reaching 5.8 million sq ft and new completions rising by 205%. Average office rents increased by 4%, reflecting strong demand. The residential market also thrived, with a 16% increase in sales and a 4% price rise.

Office Space Demand Records 29% Jump in Jan-Jun: Report 0

India’s office space demand hit a record 33.54 million sq ft in H1 2024, a 29% increase year-on-year. Bengaluru led the surge, with flexible workspaces driving growth. Despite leasing highs, office space investments fell 83% in Q2 2024. JLL projects record leasing of 65-70 million sq ft for 2024.

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