Office Market News - Latest Updates & Headlines
Office leads private equity inflows in 2025; overall real estate investment at USD 3.5 billion: Knight Frank India
New Delhi, December 28: Private equity investments in Indian real estate moderated in 2025, declining 29 per cent year-on-year, but office assets continued to anchor investor interest, according to Knight Frank India.
India's top office markets' net absorption hits record 55.16 mn sq ft in 2025
New Delhi, Dec 24: Net office absorption across India's top seven cities touched a record high of around 55.16 million square feet in 2025, despite headwinds including IT layoffs and tariff tensions, a report said on Wednesday.
India Grade A office leasing surges 6 pc to cross 71 mn sq ft in 2025
New Delhi, Dec 24: India's Grade A office leasing across the top seven cities reached 71.5 million sq ft in 2025, marking a 6 per cent year-on-year growth, a report said on Wednesday.
Office occupancy levels in Delhi-NCR projected to cross 80 pc by March 2027
New Delhi, Dec 22: The office occupancy levels are on a steady upward trajectory in Delhi-NCR and are projected to rise to 80.5-81 per cent by March 2027, a report showed on Monday.
60 pc GCC bases operate from green-certified Grade A flex centres in India: Report
New Delhi, Dec 22: About 62 per cent of global capability centre (GCC) bases operating within flex spaces in India are located in green-certified centres, while an even higher 85 per cent function from grade-A buildings, a new report showed on Monday.
India among Asia-Pacific's most resilient real estate markets despite global uncertainty: Report
New Delhi, Dec 21: India is emerging as one of the most resilient and opportunity-rich real estate markets in the Asia-Pacific region, even as global economic uncertainty and slower regional growth weigh on property markets elsewhere, a new report said on Sunday.
GCCs in India to account for 35-40 pc of total office demand
New Delhi, Dec 17: Global Capability Centres (GCCs) are likely to account for 35–40 per cent of total office demand in 2025, and they made up more than 55 per cent of large office deals in the first nine months of CY25, a report said on Wednesday.
India's flex space market to surpass 100 million Sq Ft by 2027 as enterprises, GCC Demand surge: Report
New Delhi, December 11: India's flex workspace market is set for a significant expansion, with total flex stock across the top seven cities expected to cross 100 million sq ft by 2027, up from 72.3 million sq ft in 2025, according to Colliers' latest report, "Flex India: Pioneering the Future of Work."
India REITs can grow by Rs 10.8 trillion growth opportunity in four years
New Delhi, Nov 27: India’s Real Estate Investment Trust market could expand by Rs 10.8 trillion in gross asset value by 2029, with the office market accounting for about 65.3 per cent of it, a report said on Thursday.
India's Office sector to enter high-growth phase with record absorption forecast: ICRA
New Delhi, November 26: Rating agency ICRA revealed that the net absorption in the top six office markets, Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai Metropolitan Region (MMR) and Pune, would reach a record 69-70 million square feet (msf) in FY2026. The momentum is expected to remain strong in FY2027, with absorption likely to cross 65 msf.
Commercial office rental grows 6 pc YoY to Rs 90 per sq ft in 9M 2025
New Delhi, Oct 28: The commercial office real estate sector is growing steadily across the top 7 cities with a 6 per cent yearly rise in monthly office rentals – from Rs 85 per square feet (Sq. ft.) in first nine months (9M) of 2024 to Rs 90 per sq. ft. in 9M 2025, a report said on Tuesday.
India's office market continues to outshine the Asia-Pacific region: Report
New Delhi, October 24: India's office market is set for a record-breaking year, standing firm against a broader slowdown across the Asia-Pacific region, according to Knight Frank's Asia-Pacific Office Highlights Q3 2025 report. Despite economic headwinds, leasing activity in India's major cities continues to surge, powered by strong demand from Global Capability Centres (GCCs) and the revival of third-party IT services.
India's office leasing touches a record high, outperforms Asian peers
New Delhi, Oct 24: India’s office market outperformed the Asia-Pacific region in Q3 2025, with 8.8 million square feet of leasing activity, defying broader slowdown trends, a report said on Friday.
India's effective office rents up 3.8 pc YoY in Q2CY25: Report
New Delhi, Oct 23: The effective rents for Grade A and A+ office space in India rose by 3.8 per cent year on year in the second quarter of 2025, a report said on Thursday.
GCC expansion to power 40 pc of India's office demand by FY27: Report
New Delhi, Oct 16: Global capability centres are expected to lease an additional 50–55 million square feet of Grade A office space in FY2027, representing around 40 per cent of total demand in India's top six office markets, a report said on Thursday.
GCCs to lease 50-55 msf office space in top-6 Indian cities by FY2027: ICRA
New Delhi, October 16: Global Capability Centres (GCCs) are expected to lease an additional 50-55 million square feet (msf) of Grade A office space across India's top six markets during FY2026-FY2027, contributing 38-40% of the overall office demand, according to a report by rating agency ICRA.
India's office market continues strong momentum in Q3 2025, records gross leasing of 17.8 mn sq ft
New Delhi, Oct 7: India's office market continued its strong momentum well into the third quarter of the year (July-September) with the top 8 markets recording gross leasing of 17.8 million square feet (mn sq ft) of office transactions, a report said on Tuesday.
India's office leasing grows 24 pc in 2025 till date: Report
New Delhi, Oct 7: India’s office market surpassed 1 billion square feet in the third quarter of 2025, and the year-to-date (YTD) volumes grew 24 per cent YoY, positioning the market for an annual record, a report said on Tuesday.
Net absorption of India's office market set to hit record high, surges 35 pc in Q3 CY25: Report
New Delhi, Sep 30: India’s office real estate market saw its net absorption touching 16.3 million square feet across the top eight cities in Q3 CY 2025, a 35 per cent year-on-year (YoY) increase, a report said on Tuesday.
India's office market emerges as undisputed growth engine in Asia Pacific
New Delhi, Sep 29: India's office market has emerged as the undisputed growth engine of the Asia Pacific region, accounting for 44 per cent of net new supply and a commanding 61 per cent of total net absorption in the April-June period this year (Q2 2025) -- far ahead of regional peers, including the Chinese mainland and Southeast Asia, a report said on Monday.
Office space demand outpaces supply, vacancy steady at 16.4% in Q3 2025
New Delhi, September 28: Despite office space demand exceeding new supply across most Indian cities in the third quarter of 2025, overall vacancy levels remained steady due to relocations and tenant churn. At the national level, vacancy held firm at 16.4 per cent.
GCC-driven office space demand in India rises 8 pc in Jan-Sep: Report
Bengaluru, Sep 25: Global capability centre (GCC)-driven demand of office space in India rose 8 per cent in the first nine months this year, reaching 50.9 million square feet, a report showed on Thursday.
India is largest flexible office market in Asia-Pacific: Report
New Delhi, Sep 19: India is the largest flexible workspace market in the Asia-Pacific region (APAC), with 79.7 million square feet (MSF) of stock, across top 8 cities as of the Q2 2025, a report said on Friday.
Delhi's office market picks up momentum, projected to add 50 mn sq ft by 2027
New Delhi, Sep 15: Delhi’s office real estate market is poised to witness a sharp uptick in supply -- expected to add approximately 5 million square feet of new office space over the next two years, a report said on Monday.
India Inc to drive office demand as 85 pc firms eye expansion over 2 years, GCCs lead
New Delhi, Sep 9: Eighty-five per cent of domestic firms are looking to expand their office portfolio over the next two years -- from 73 per cent in 2024, according to a report on Tuesday.
Commercial space demand grows at 11 pc CAGR from 2020-25 in top Indian cities: Report
New Delhi, Sep 5: The demand for commercial space has grown at an 11 per cent Compounded Annual Growth Rate (CAGR) from 2020-25 in the top eight Indian cities, a report said on Friday.
GCC expansion and strong domestic demand drive decline in office vacancy rates: CREDAI-CRE Matrix
New Delhi, August 30: 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.
Chennai office market holds steady; rentals to rise in FY2026: ICRA
Tamil Nadu, August 29: Chennai's commercial real estate office market is expected to maintain stable occupancy levels at 90.5-91.0 per cent by March 2026.
India's office leasing surges 40 pc in Jan-June driven by tech, GCC expansion
Mumbai, Aug 23: India's commercial office real estate sector achieved exceptional growth in the first half of 2025, with net office leasing surging 40 per cent (year-on-year) to 26.8 million square feet across the top seven cities, a report said on Saturday.
India tops office market performance among Asian markets in Q2 2025
Mumbai, July 17: India’s three largest office markets -- Bengaluru, Delhi-NCR and Mumbai -- delivered a robust performance in the Asia-Pacific region in second quarter of 2025 (Q2 2025), registering the highest second-quarter leasing volume on record, a report said on Thursday.
Despite slowdown in consumption, office spaces continued to be major attraction for developers
New Delhi July 16: Despite the slowdown in consumption trends, the office space segment remains a major attraction for real estate developers.
Global capability centres show impressive 30.8 pc growth in India in Jan-June
Mumbai, July 7: Global Capability Centres (GCCs) showed remarkable 30.8 per cent year-on-year growth in India in January-June period (H1 2025) this year, reaching 13.85 million square feet and exceeding previous annual totals, a report showed on Monday.
India's office real estate sector clocks robust growth in H1 2025, GCCs key driver
New Delhi, July 7: India's office real estate market continues to demonstrate robust growth with gross leasing volume in the top eight cities, reaching 21.4 million square feet (MSF) in the April-June quarter (Q2), reflecting a 5 per cent quarter-on-quarter growth, according to a report released on Monday.
India's office leasing jumps 40 pc in H1 2025, new supply jumps 25 pc: Report
New Delhi, July 3: India’s commercial real estate market witnessed strong growth in the first half of 2025, with net office leasing across the top seven cities rising by 40 per cent year-on-year (YoY), a new report said on Thursday.
Global companies choose bigger offices in India, even as number of deals fall: Report
New Delhi, July 2: In FY 2025, Global Capability Centres (GCCs) in India showed a clear preference for larger office spaces despite a slight decline in the number of overall transactions.
India's office market sees 11 pc growth in April-June, Grade A space demand surges
Bengaluru, June 26: India’s office market continued its strong growth trajectory in the April-June period (Q2 2025), recording 17.8 million square feet (msf) of gross leasing across the top seven cities -- an 11 per cent increase compared to Q2 2024, a report showed on Thursday.
Mumbai and Delhi-NCR lead India's micro markets with high rentals and low vacancy: Report
New Delhi, June 19: Showing strong economic momentum in the prominent metro cities, micro markets of Delhi-NCR and Mumbai continued to lead in average rentals and lowest vacancy levels, according to the latest report by real estate consultancy firm Colliers.
India's high-activity micro markets to drive 80 pc of office demand and supply in few years
Bengaluru, June 19: High-activity micro office markets in India are likely to witness at least 1 million square feet of average annual demand and supply, and collectively drive more than 80 per cent of the office space demand and new supply in the next few years, a report showed on Thursday.
Office real estate vacancies drop to 15.7% in Q1 2025, marking seventh consecutive decline: Report
New Delhi, April 23: The office real estate market vacancies fell to 15.7 per cent in the first quarter (Q1) of the current year, marking the seventh consecutive quarter of decline, according to a report by global commercial real estate services firm Cushman & Wakefield.
India's office market maintains upward trajectory in Q1 amid strong occupier demand
New Delhi, April 23: India's office real estate market maintained its upward trajectory in Q1, driven by robust leasing and tight new supply, pushing overall vacancy down for the seventh consecutive quarter to 15.7 per cent — a cumulatively steep drop of 275 basis points (bps) from 18.45 per cent in Q2 2023, a report showed on Wednesday.