Office Leasing Archives - Flex Insights

Mumbai Office Leasing Hits 12.1 Million Sq Ft in 2024 Amid Robust Demand 0
- Industry News
- January 17, 2025
Mumbai’s office leasing reached 12.1 million sq ft in 2024, driven by BFSI, technology, and flexible space sectors. National leasing hit a record 79 million sq ft, with sustainability gaining traction as green-certified spaces accounted for 56% of activity. Mumbai remains a key player in India’s evolving commercial real estate market.
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Embassy REIT Leases 2.07 Lakh Sq Ft to Cybersecurity Firm Rubrik at Embassy TechVillage 0
- Industry News
- January 15, 2025
Embassy Office Parks REIT has leased 2.07 lakh sq ft of office space to cybersecurity firm Rubrik at Embassy TechVillage, Bengaluru. Facilitated by Colliers, the deal supports Rubrik’s expansion in India. Embassy REIT, India’s first listed REIT, boasts a 511 lakh sq ft portfolio across major cities, including Bengaluru.
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Google Expands in Gurugram with Massive 5.5 Lakh Sq Ft Office Lease 0
- Industry News
- January 8, 2025
Google has leased 5.5 lakh sq ft of office space in Gurugram with Table Space, marking one of India’s largest managed workspace deals. The agreement includes an expansion option of 2 lakh sq ft. This move reflects the booming demand for Grade A office spaces as tech firms expand in India.
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IBM Eyes 260,000 Sq Ft Office Lease in Gurgaon’s TRIL Tower 0

IBM is in talks to lease 260,000 sq ft at Gurgaon’s TRIL Tower, highlighting India’s booming office leasing market, expected to reach 85 million sq ft in 2024. Driven by Global Capability Centres (GCCs) and premium infrastructure demand, Gurgaon leads as a commercial hub amidst India’s 70% APAC net absorption share.

India’s Office Leasing Hits Record High in 2024 0

India’s office leasing hit 66.4 million sq ft in 2024, led by Bengaluru, Hyderabad, and Mumbai. Flexible workspaces saw a 45% growth, contributing 20% to demand. Tech, BFSI, and large deals drove leasing while steady supply kept vacancy stable. Experts predict sustained momentum in 2025 and beyond.

Hyderabad’s Office Space Leasing Hits Record Growth in 2024 0

Hyderabad recorded 56% growth in Grade A office space leasing in 2024, reaching 12.5 msft, driven by tech, healthcare, and flex sectors. The city contributed 19% to India’s total leasing activity, dropping vacancy levels by 90 bps. New supply and GCC-led demand position Hyderabad as a key commercial hub.

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