Articles & Latest News on Office market

NCR’s Office Market Booms with Record 12.7 Million Sq. Ft. Leasing in 2024 0

According to Knight Frank India, NCR’s office market hit a record 12.7 million sq. ft. leasing in 2024, with deal sizes rising 29% YoY. Noida saw a 48% surge, while Gurugram remained dominant. Flexible workspaces grew 2.4x, reflecting the shift towards hybrid work and high-quality office space demand.

India’s Office Market Surges to Record Highs in 2024 0

India’s office market reached record highs in 2024, with 50 million sq ft net absorption and 79 million sq ft leased. Global Capability Centres (GCCs) led demand, accounting for 37% of activity. Bengaluru dominated with 28% absorption. Flexible space leasing surged 52%, reflecting India’s growing role as a global office hub.

India’s Office Space Market Reaches Record 89 Million Sq Ft in 2024 0

Coworking

January 9, 2025

India’s office leasing hit 89 million sq ft in 2024, led by Bengaluru, Mumbai, and Hyderabad. Net absorption reached 50 million sq ft, driven by IT-BPM, GCCs, and flexible workspaces. Despite tight Grade A supply, demand remains robust, positioning India as a global leader in commercial real estate.

Kolkata’s Office Space Market Booms Amid IT and BFSI Expansion 0
- Industry News
- January 8, 2025
Kolkata’s office market hit record net leasing of 1.5M sq ft in 2024, driven by IT-BPO, BFSI, and consulting demand. Significant deals and robust 2025 supply pipelines position the city as a growing commercial hub, contributing to India’s 89M sq ft office leasing milestone across major cities.
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India’s Office Market Surges in 2024, Sets Stage for Solid Growth in 2025 0
- Industry News
- December 27, 2024
India’s office market thrives in 2024, with leasing surpassing 47 million sq ft by Q3 and flex spaces rising to 20% of demand. Tier-II cities gain traction, rentals grow by 5-10%, and sustainability drives new developments. Projections for 2025 include solid growth, GCC expansion, and broader sector participation.
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The Strategic Shift to Leasing: Transforming India’s Office Space Market 0
- Industry News
- December 21, 2024
Indian businesses are increasingly embracing office leasing for flexibility and cost-efficiency. In Q3 2024, leasing activity surged 66%, led by Bengaluru and Hyderabad. Domestic firms now drive 47% of demand, with tech, BFSI, and hybrid work models fueling growth. The future promises tech-driven, scalable, and sustainable leased spaces.
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