India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

Pune’s commercial office market is gaining momentum, with TIAA Global Capabilities leasing 255,713 sq ft, underscoring continued demand for large workplace campuses. The transaction reflects changing occupier priorities around accessibility, quality, and hybrid work, while raising broader questions about transport, infrastructure, and sustainable growth as Pune’s office districts expand.
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Pune posted a record 3.5 million sq ft in leasing, driven by BFSI, flex operators, and large-format deals. Net absorption hit 2.07 million sq ft, even as 3.2 million sq ft of new supply pushed vacancy to 11.23%. Rents held steady, signaling continued strength and tenant confidence in quality stock.
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