Office Space Leasing Archives

India’s Office Rental Market Grows, Pune Leads the Way 0

India’s first Commercial Property Rental Index reveals a 3.6% CAGR in office rentals over five years. Pune leads with 6.9% growth, followed by Chennai and Bengaluru. The index highlights post-pandemic recovery, consistent growth in Bengaluru, and emerging trends, positioning India’s office market for sustained growth.

India’s Office Rental Market Exceeds Pre-Pandemic Levels, Led by Delhi NCR and Pune 0

For the first time since 2019, office rental prices across India’s six largest cities have exceeded pre-pandemic levels, according to a report by Colliers India. The report reveals a steady rise in average office rents, reaching Rs 101.3 per square foot in 2024, up from Rs 99.5 per square foot in 2019. This marks a

India Sees 54% Growth in Large Office Space Leasing in 2024 0

India’s commercial real estate saw a 54% year-on-year increase in large office space leasing in H1 2024, driven by corporate expansion and Global Capability Centres (GCCs). Bengaluru led with 4.5 million sq ft leased. Mid-sized office spaces grew by 70%, and flexible workspaces remain crucial for IT and startups.

Morgan Stanley Secures ₹2,122 Crore Office Lease in Mumbai’s Oberoi Commerz III 0
- Industry News
- September 26, 2024
Morgan Stanley has secured a 1.1 million sq ft office space lease in Mumbai’s Oberoi Commerz III for ₹2,122 crore, marking India’s largest office lease deal this year. The nearly 10-year agreement reflects the growing demand for large-scale premium workspaces in India’s commercial real estate market.
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Volkswagen Leases 1.23 Lakh Sq. Ft. in Pune’s Embassy Tech Zone to Strengthen India Presence 0
- Industry News
- September 2, 2024
Volkswagen Group Technology Solutions India has leased 1.23 lakh sq. ft. in Pune’s Embassy Tech Zone to expand its operations. The five-year lease includes a four-month rent-free fit-out period. This reflects Volkswagen’s commitment to India amid the growing demand for office space driven by global capability centres (GCCs) nationwide.
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BlackRock Leases Premium Office Space in Mumbai’s Worli for Rs 1.1 Crore Monthly 0
- Industry News
- August 30, 2024
BlackRock Services India has leased 42,700 sq. ft. of office space in Mumbai’s Worli at Rs 1.1 crore per month. The five-year lease includes a 36-month lock-in period and escalations in rent over time. The office is located in the Altimus Tower by K Raheja Corp.
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