Browsing: India Office Spaces

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Occupiers across major markets in India willing to pay higher rentals for quality office supply: Colliers

With global corporates increasingly seeking to optimize resources, maximize savings, and drive growth, India offers a compelling proposition. During Q1 2024, India continued to witness traction in GCC leasing activity. A significant 5 million square feet (msf) of leasing activity by GCCs, represented 37% of total office leasing across the top six cities. Looking ahead, GCCs are projected to lease between 45-50 msf of office space in the next two years, constituting around 40% of total demand.

Reports Office Spaces, India Office Spaces, India Office Market, Office Absorption, Office Demand, Office Supply, India Real Estate News, Indian Realty News, Indian Property Market News, Real Estate News India, Best Real Estate Website, Best Property Portal, Real Estate Journalist

Strong start to office markets, sustained leasing activities in Q1 2024, says Vestian Report

Absorption of office spaces increased to 13.40 Mn sq ft in Q1 2024 from 11.85 Mn sq ft in Q1 2023, showcasing a  13% increase Y-O-Y, says a Vestian report. However, the absorption declined by 31% this quarter after peaking in Q4 2023. Southern cities (Bengaluru, Chennai, and Hyderabad) accounted for 61% of the Pan-India absorption in Q1 2024 its share increased from 54% a year earlier.