Office Space

India’s Office Space Absorption Rises 14% in Q3, Driven by Strong Demand Across Major Cities 0
- Industry News
- October 8, 2024
India’s office space absorption rose by 14% in Q3 2024, reaching 12.16 million sq ft across seven major cities, led by Bengaluru. While most cities saw growth, Hyderabad and Kolkata experienced declines. Overall, office demand remains strong, driven by corporate expansion and economic recovery, with 31.03 million sq ft absorbed year-to-date.
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Nvidia Renews Lease for 375,000 Sq Ft Office in Pune’s Yerwada 0
- Industry News
- October 1, 2024
Nvidia has renewed its 10-year lease for 375,000 sq ft of office space in Pune’s Yerwada at Commerzone Tower. The deal includes a 5% annual rent escalation. This renewal underscores Nvidia’s commitment to India’s growing tech landscape, focusing on AI, GPUs, and cloud computing innovations.
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Office Space Absorption Rises 31% in Top Indian Cities in Q3 2024 0
- Industry News
- September 30, 2024
In Q3 2024, office space absorption in India’s top six cities surged 31% year-on-year, driven by large deals in Bengaluru, Hyderabad, and Pune. The tech and BFSI sectors led demand, with 17.3 million sq ft leased. New Grade A office supply also grew by 33%, reflecting a strong market recovery.
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Chevron Leases 300,000 Sq Ft of Commercial Space in Bengaluru’s RMZ Ecoworld 0
- Industry News
- September 27, 2024
Chevron Global Technology & Services has leased 300,000 sq ft of office space from RMZ Corporation in Bengaluru for its $1 billion Chevron Engineering and Innovation Excellence Center (ENGINE). This move highlights India’s growing role as a hub for Global Capability Centres (GCCs) and RMZ’s leadership in premium office spaces.
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Ahmedabad Sees 99% Surge in Small Office Space Sales in 2024 0
- Industry News
- September 27, 2024
Ahmedabad recorded a 99% year-on-year growth in small office space sales, with 0.73 million sq ft transacted in H1 2024. Small offices comprised 44% of total transactions, driven by the city’s thriving business environment. Large and mid-sized spaces also saw significant growth, with development plans boosting future demand.
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India’s Office Space Demand Soars, Reaching 47 Million Sq Ft in 2024 0
- Industry News
- September 27, 2024
India’s office space demand reached 46.7 million sq ft in the first nine months of 2024, with Bengaluru and Hyderabad leading the leasing activity. Flex spaces and large enterprises drove the surge, while new supply increased by 33% year over year. The tech and BFSI sectors also contributed significantly to the growth.
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