Articles & Latest News on Office Demand - Page 2 of 2

Office Space Demand Records 29% Jump in Jan-Jun: Report 0
- Industry News
- July 19, 2024
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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GCCs Drive India’s Office Leasing with 37% Share 0
- Workspace Solutions
- July 18, 2024
Global Capability Centers (GCCs) drive 37% of India’s office leasing, attributed to BFSI and technology firms. Bengaluru, Pune, and Hyderabad lead in leasing, highlighting strategic importance. Diversified tenant demand and flexible office spaces indicate continued growth in India’s commercial real estate.
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Surge in Demand for Flexible Office Spaces Projected by 2026, Reveals CBRE Survey 0
- Industry News
- July 8, 2024
A CBRE survey predicts a significant rise in flexible office spaces, with 58% of companies expected to expand their portfolios by 2026. Driven by robust occupier activity and an increasing preference for flexible arrangements, the trend sees domestic firms leading over American corporations. This strategic shift aims to accommodate growing workforces and enhance operational efficiency.
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Hyderabad’s IT Sector Sees Massive Office Space Leases by MNCs 0

Four major MNCs, including Qualcomm and IBM India, have leased over 870,000 sq. ft. of office space in Hyderabad’s booming IT sector. This surge reflects the city’s robust real estate market and infrastructure development. Hyderabad is solidifying its position as a premier business hub with strong residential and commercial growth.

South India Leads Office Property Market Recovery 0

South India, led by Bengaluru, Hyderabad, and Chennai, drives India’s office property market recovery. These cities account for nearly 60% of space demand by 2025, fueled by the tech sector and global capability centres. The office market is booming, with significant growth and large leasing deals expected throughout 2024.

India’s Office Demand Set to Exceed 70 Million Sq Ft in 2024 0

India’s Grade A office space demand is set to exceed 70 million square feet in 2024, driven by major cities like Bengaluru, MMR, and Delhi-NCR. Rising rentals and large leases, especially in the IT/ITeS and BFSI sectors, highlight robust growth, signalling significant opportunities for developers and investors.

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