Browsing: Grade A office space in India

Reports Office Demand in India, Office Absorption in India, Office Supply in India, India Office Market Report, Colliers Office Report, Grade A Office Spaces in India, India Real Estate News, Indian Realty News, Real Estate News India, Indian Realty News, Indian Property Market News, Best Property Portal, Best Real Estate Website, Real Estate Journalists

Office demand soars: 47 msf in 9 months, at 23% yoy growth

Strong leasing activity in the first three quarters of 2024 has pushed Grade A office space demand to 46.7 million sq ft across the top six cities of the country. Building on the momentum in first half of the year, Q3 2024 saw space take-up to the tune of 17.3 million sq ft, a 31% year-over-year (YoY) growth. Bengaluru and Hyderabad accounted for over half of the leasing activity during this period. Bengaluru registered its highest ever leasing in any quarter at 6.3 million sq ft, continuing its dominance in the office market. Pune, notably, with 2.6 million sq ft of leasing activity, recorded 2.6X times space take-up compared to Q3 2023.

Reports Flex Spaces in India, Flex Office Space, Office Space Demand in India, Office Space Supply in India, Office Space Absorption in India, Office Space Stock in India, Commercial Real Estate, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate Website, Real Estate Journalists

Over 80% occupiers plan to expand through flex spaces in the next 3-5 years

Location continues to be of significant importance to occupiers, with about 60% respondents considering it as the most important parameter for expansion. Interestingly, while expanding, occupiers are likely to lean towards flex spaces with attractive offerings in central areas as compared to facilities in peripheral areas. Going ahead, about 45% of surveyed occupiers would opt for future expansion through flex spaces in CBD/SBD locations of tier I or tier II cities. In terms of work-place strategy, flex spaces are likley to champion distributed work models. About half of the larger companies including Global Capability Centers (GCCs) and MNCs envisage flex spaces to act as both hub and spoke offices in the next few years.

Reports Office space in India, Office space absorption, Commercial real estate in India, Commercial property trends, Indian real estate market, Indian property market, India office market report, Real estate news magazine, Real estate news portal, Real estate website, Track2Media Research Pvt Ltd, Track2Realty, NRI investment in India

Office absorption grew by 23% YoY in Q3 to 12.3 mn sq ft: Colliers

The gross leasing activity in India was recorded at 36.4 million sq ft for the first nine months of 2018, up 26% YoY. Pan-India demand for Grade A office space was driven by the technology sector (48%) in Q3 2018, followed by banking and insurance representing 19% of the total leasing volume.