Office market

AI and Robotics Drive Office Space Demand in Bengaluru in Q2 2024 0
- Industry News
- August 9, 2024
AI and robotics firms led office space absorption in Bengaluru in Q2 2024, contributing 21% to the city’s total. The IT-ITeS sector dominated with 69% overall absorption. Nationwide, office space demand surged, driven by strong economic performance. New completions rose significantly, particularly in Mumbai and Bengaluru.
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Office Space Demand Set to Surge by 35% in Major Indian Cities 0
- Industry News
- August 2, 2024
Office space demand in six major Indian cities is projected to rise 35% in Q1 2024, reaching 13.6 million sq ft. Hyderabad leads with a twofold increase, followed by significant growth in Mumbai and Bengaluru. The technology, engineering, manufacturing, and BFSI sectors drive this surge, with flexible workspaces also in high demand.
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Delhi-NCR Climbs the Ranks: 5th Most Expensive Office Market in APAC 0
- Industry News
- August 1, 2024
Delhi-NCR ranks as APAC’s fifth most expensive office rental market, with monthly prime office rents at Rs 340 per sq ft. Indian office space transactions surged 50% in Q2 2024, driven by returning employees and strategic corporate investments. Mumbai and Bengaluru also saw stable rental rates and high demand.
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India’s Office Market Booms | Key Drivers and Trends 0
- Industry News
- July 25, 2024
India’s office market set new records in H1 2024, with 33.5 million sq ft of leasing across top cities. Bengaluru and Delhi-NCR led the surge, which was driven by the high demand for flexible office spaces. Key sectors like tech and finance boosted growth, reflecting robust confidence in the commercial real estate sector.
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Indian Office Market on Track to Become “Office to the World” | JLL Report 0
- Industry News
- July 19, 2024
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.
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