Office market Archives - Flex Insights

GCCs to Drive Major Growth in India’s Grade A Office Space Demand 0

Global Capability Centres (GCCs) will drive nearly 40% of India’s Grade A office space demand over the next three years. Sectors like engineering, manufacturing, and BFSI will see a 35% growth in leasing. Flex spaces will expand into new regions, with demand surging in major cities and emerging markets.

India’s Office Market Embraces Flex Spaces for the Future 0

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.

Global Capability Centers (GCCs) Fuel India’s Booming Office Space Market 0

Global Capability Centers (GCCs) are driving a surge in India’s office space demand, with 53 million square feet leased since 2022. As 67% of GCCs plan to expand further, developers are focused on creating premium office spaces, particularly in regions like Delhi-NCR and Gurugram, to meet this growing demand.

Hyderabad Emerges as a Leading Hub in India’s Office Space Market 0
- Industry News
- August 28, 2024
Hyderabad accounts for 14% of India’s office space, driven by solid demand from Global Capability Centers and tech firms. With office stock surging to 127 million square feet, the city is poised for further growth, supported by government initiatives and increasing interest from emerging sectors.
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Green Certifications Propel India’s Office Market Growth 0
- Industry News
- August 20, 2024
India’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.
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APAC Office Market in Flux | Diverging Trends in India & China 0
- Industry News
- August 10, 2024
Prime office rents in the Asia-Pacific region saw a 3.1% decline in Q2 2024, driven by a sharp drop in Chinese cities. Conversely, India experienced a surge in office leasing, with significant growth in Bengaluru and Mumbai. Australia’s market grew, while Southeast Asia and New Zealand had mixed results.
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