India is expected to see strong demand for office spaces in 2025, with Global Capacity Centres (GCCs) projected to absorb 35-40 per cent of the total office space during the year, according to a recent report by CBRE
The Global Capability Centres (GCCs) are projected to account for about 35-40 per cent of the total office space absorption across the key cities in 2025, CBRE said in a report.
Bengaluru continues to lead office space absorption, accounting for 30 per cent of total leasing from January to September 2024, followed by Delhi-NCR and Hyderabad with 14 per cent each, Chennai with 13 per cent, and Mumbai and Pune contributing 12 per cent each.
This represents 29 per cent increase compared to H1 2023. Meanwhile, new office space supply witnessed a sharp decline of 32 per cent year-over-year (YoY), with only 17.4 million square feet completed in H1 2024. This limited supply, coupled with increased transaction activity, led to a decr
New Delhi [India], March 28: According to MordorIntelligence, the commercial real estate industry is expected to reach USD 87.57 billion, growing at a CAGR of 21.1 per cent till 2028. But, with the post-COVID work-from-home culture extending, the net office absorption of commercial spaces re
Mumbai (Maharashtra) [India], October 7 (ANI): Residential launches and sales across the country are at 50 per cent of the pre-Covid level while the office space absorption is at 30 per cent, Emkay Global Financial Services said on Wednesday in a pre-festive channel check report.