The continued expansion of Global Capability Centres (GCCs), coupled with strong domestic demand, is driving a steady decline in office market vacancy rates, signalling renewed momentum in India's commercial real estate sector, according to the latest report by CREDAI-CRE Matrix.
Bengaluru (Karnataka) [India], August 14: Large-sized deals (≥100,000 sq. ft.), continue to drive India's commercial office market, consistently accounting for bulk of the Grade A office space uptake in the last 5 years. In H1 2025 too, 51% of the total leasing across the top 7 cities
According to the report, rental growth in India's national capital Delhi registered an uptick of 8.2 per cent, while financial capital Mumbai saw rental growth of 6.7 per cent.
The Delhi National Capital Region (NCR) office market recorded a 61 per cent year-on-year increase in net absorption, the highest among the top 7 cities, to reach 9.5 million square feet in 2024, said a report by ANAROCK.
As per a report from real estate consultancy firm Anarock, the Southern cities have outshone other regions in overall office market activity including net absorption and new supply addition over the past six years.
The market is witnessing an unprecedented transformation, having achieved record-breaking absorption of 66.4 million square feet in 2024, marking 14 per cent year-on-year growth.
India continued to lead office leasing activity in the Asia-Pacific (APAC) region, reaching 1.61 million square meters (17.3 million square feet) and demonstrating strong demand momentum, according to the "Colliers Asia Pacific Office Market Insights Q3 2024" report.
The average office rents in India's six major cities have exceeded pre-pandemic levels, rising by 2-8 per cent compared to 2019, highlights a report by Colliers, a service and investment management company.
Bengaluru (Karnataka) [India], September 9: Reimagination of workplace, changing perceptions and enterprise-level offerings have been driving heightened flex adoption in recent years. These sentiments are echoed in our latest survey-based report Flex Spaces: Reshaping the New-Age India Offic
The first half of the current year saw an 8 per cent increase in absorption, reaching 16.6 million sq ft, compared to the same period last year, according to the latest office market report from Vestian, a US-headquartered workplace solutions firm. However, this figure represents a 26 per ce