Commercial Real Estate News - Latest Updates & Headlines
India's office leasing surges to all-time high in Q1 2025
Mumbai, April 16: India’s office leasing activity in the January-March quarter (Q1) of 2025 rose to an all-time high of 19.46 million square feet (sq ft), with domestic occupiers taking up a record 8.82 million sq ft, according to a report released on Wednesday.
India defies global office rental slump, clocks double-digit growth: Report
New Delhi, April 10: While global office rental markets continue to face headwinds, India’s office sector is bucking the trend with sustained growth in office leasing and rentals, according to a report by real estate firm Vestian released on Thursday.
Malls, mainstreets drive 55 pc surge in India's retail leasing during Jan-March
New Delhi, April 8: Leasing activity in India's retail sector recorded a robust 55 per cent jump to cross 2.4 million square feet (MSF) in the January-March quarter this year across top eight cities, with both malls and mainstreets contributing to the growth, according to a report released on Tuesday.
Delhi NCR and Bengaluru lead office leasing activity in Q1 2025, contributing to 15% yearly growth: Colliers
New Delhi, March 29: Delhi NCR and Bengaluru together drove nearly half of the office leasing activity during the first quarter (Q1) of 2025, with leasing across the top seven markets remained strong in Q1 at 15.9 million sqare feet, reflecting a 15 per cent year-on-year (YoY) increase, according to a report by real estate and investment firm Colliers.
India's real estate sector to reach Rs 83 lakh crore by 2030: Report
New Delhi, March 28: India's real estate sector, which contributed 7.3 per cent to the GDP in the calendar year 2023, is projected to contribute 13 per cent to the country's economic growth by 2030, a report showed on Friday.
Office leasing in India rises 15 pc to 15.9 million square feet in Q1 2025
Bengaluru, March 27: Office leasing across the top seven markets in India remained strong in Q1 2025 at 15.9 million square feet — a 15 per cent year-on-year (YoY) increase, a new report showed on Thursday.
India's office leasing market clocks all-time record at 81.7 MSF last year: Report
New Delhi, March 25: India's office leasing market broke previous records in 2024 at 81.7 million square feet (MSF), 19 per cent increase from 2023 and its highest-ever leasing in a calendar year, a report showed on Tuesday.
GCCs lead BFSI sector's record commercial real estate leasing in India in last 3 years
Mumbai, March 24: Led by global capability centres (GCCs), the year 2024 marked a watershed year for the banking, financial services and insurance (BFSI) sector in India's commercial real estate, which leased 13.45 million square feet (sq ft), claiming a 17.4 per cent share of the annual leased space, a report showed on Monday.
Resilient economy: Global capability centres lead real estate absorption in India
New Delhi, March 22: Driven by the country's skilled talent pool and operational cost advantages, global capability centres (GCCs) are leading real estate absorption in India which have surpassed pre-Covid levels amid a resilient economy.
Retail boom: Mall space demand outstrips supply for 3rd consecutive year in India
Mumbai, March 19: The Indian retail sector is witnessing strong growth, with demand for mall space surpassing supply for the third consecutive year, a new report said on Wednesday.
NCR records 61% growth in office absorption, but net supply declined 22% in 2024: Anarock
New Delhi, March 16: 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.
Delhi-NCR records 61 pc growth in net office absorption, GCCs lead
New Delhi, March 13: The Delhi-National Capital Region (NCR) office market recorded a 61 per cent year-on-year increase in net absorption at 9.5 million square feet in 2024, the highest among the top seven cities, a report showed on Thursday.
India drove double-digit surge in APAC office demand in 2024, growth to continue in 2025: Report
Bengaluru, March 7: Demand for office space across Asia Pacific's (APAC) top 11 markets surged 15.9 per cent annually to 8.8 million sqm (94.7 million sq ft) in 2024, led by India, Mainland China and Japan, according to a report by real estate consultancy Colliers.
India's new office supply hits an all-time high at 515 lakh sq ft in 2024
New Delhi, Feb 27: India's office market reported the highest-ever supply in any year, as new office supply hit an all-time high in 2024 across seven major cities at 515 lakh square feet, a report showed on Thursday.
India's commercial real estate goes green; sustainable workspaces in high demand
New Delhi, February 26: India's commercial real estate (CRE) sector is witnessing a major shift towards sustainability, with increasing demand for green-certified buildings, according to Crisil Ratings.
India's commercial real estate goes green as demand for sustainable offices soars: Report
Mumbai, Feb 25: India's commercial real estate sector is witnessing a major shift towards sustainability as demand for certified green buildings continues to grow, a new report said on Tuesday.
GCCs account for 37 pc of office space leased in India's top 7 cities: Report
New Delhi, Feb 24: The growing presence of GCCs (global capability centres) of multinational companies in India's top 7 cities now accounts for as much as 37 per cent of the office space market in the country, according to a report released by real estate consultancy Anarock on Monday.
Business confidence rises amid demand growth and falling interest rates: Report
Mumbai, February 18: Business confidence across the Asia-Pacific region continues to rise, driven by increasing demand and declining interest rates, according to Colliers' Q4 2024 APAC Cap Rates report.
Business confidence rises in Asia-Pacific, Indian retail sector a bright spot
Mumbai, Feb 18: Backed by growing demand and declining interest rates, business confidence continues to rise, benefiting the retail sector in various markets in the Asia-Pacific region including in India, according to a new report.
Flex space captures 20% of India's gross leasing in 2024, hits record 15.3 mmt: JLL
Mumbai, February 17: The flex space segment has emerged as the second-biggest contributor to India's office leasing market in 2024, capturing 19.8 per cent of the annual gross leasing activity and setting a new record of 15.3 million sq. ft, according to JLL.
Flex space leasing captures 20 pc share, Delhi-NCR leads: JLL
Mumbai, Feb 17: The share of the flex space segment has risen to a substantial 19.8 per cent in the annual office leasing numbers in India to cross 15 million square feet (sq ft) in 2024 , its best share so far, according to a JLL report released on Monday.
Flexible workspace sector in India reaches all-time high gross leasing volume
New Delhi, Feb 17: India's flexible workspace sector registered an all-time high gross leasing volume (GLV) of 12.4 million square feet (MSF) in 2024, a report showed on Monday.
Southern Indian cities race ahead in commercial leasing activity: Anarock report
New Delhi, February 14: The Indian office real estate market has seen a phenomenal rise in demand in the last few years with the year 2024 recording the highest net absorption across the top 7 cities since 2019.
GCC leasing surges to 31 pc of total market, Bengaluru leads
Mumbai, Feb 14: Global Capability Centres (GCCs) have leased 22.5 million square feet (mn sq ft) in 2024, accounting for 31 per cent of total leasing volumes, according to the latest office market assessment by real estate consultancy Knight Frank India.
GCCs fuel record-breaking office leasing in India, to exceed 2,500 units in 3-4 years
Mumbai, Jan 29: Global capability centres (GCCs) fuelled record-breaking 77.2 million square feet office leasing in India, accounting for 36 per cent of total demand in 2024, according to a report on Wednesday.
Average deal size in commercial market up by over 10% in 2024: Knight Frank India
New Delhi, January 12: The average deal size for the commercial market across the leading eight markets in the country has increased by 10.24 per cent, from 37,976 square feet (sq ft) in 2023 to 41,867 sq ft in 2024, according to Knight Frank India.
Average deal size in Indian commercial market increases by over 10% YoY in 2024: Report
New Delhi, January 11: Knight Frank India has reported a significant increase in the average deal size for commercial office spaces across the country, with a rise of 10.24 per cent year-on-year in 2024.
Average deal size in India's commercial market up by over 10 pc in 2024
New Delhi, Jan 11: Average deal size for commercial market across leading eight markets in India increased by 10.24 per cent — from 37,976 square feet in 2023 to 41,867 square feet in 2024, according to a report on Saturday.