Office Leasing

Data showed that Chennai is the only city to record single-digit office vacancy of 8.9 percent - the least among all top seven cities.

India emerges as global leader in flex office market, ahead of UK, US

Flex space is expected to reach 85 msf by the year-end and surpass 100 msf by 2026, a report by Cushman & Wakefield has said

Green is the new gold: Eco-certified Grade-A offices lead leasing surge

A vast number of occupiers, especially MNCs and GCCs, now insist on sustainability features, which are only available in green-certified Grade-A office buildings

Microsoft leases 2.65-lakh sq ft space in Hyderabad for Rs 5.4 crore monthly rent

The sub-lease started from July 2025 and per square feet, monthly rental for the deals translates to Rs 204, documents showed.

Office lease for Rs 3.48 crore monthly rent: Table Space blocks Gurugram's Intellion Park floors for Google

The office space is proposed to be leased to tech giant Google, and Table Space has paid Rs 10.42 crore as security deposit for the transaction. The lease has incurred a stamp duty of Rs 1.59 crore and registration charges of close to Rs 50,000.

Smartworks Q1FY26 revenue rises 21% on year to Rs 379 crore, total portfolio at 12 million sq ft

The company said it would continue to leverage presence across markets, India and Singapore, and integrated service model to drive sustainable growth and long-term value creation.

REITs hold 13% of India's Grade-A office stock, record 15% capital growth in last 12 months

According to Cushman & Wakefield, during the 12-month period up to June 2025, all three-office REIT stocks delivered more than 15 percent capital appreciation.

Ahmedabad's commercial ascent: BFSI demand leading to shift towards 'landlord-favourable' market

BFSI, at 56 percent, is followed by IT/ITES sector with 30 percent share in total office leasing, and industrials at 8 percent. Ahmedabad’s total Grade-A office stock currently stands at 30.5 million square feet (msf), with a vacancy rate of 19.6 percent.

India’s office leasing set to touch record 90 msf in 2025, grows 5% QoQ in Q2

Bengaluru (5 msf), Delhi NCR (4.6 msf), and Mumbai (3.9 msf) collectively contributed around 63 percent of the quarterly leasing volume in Q2 CY2025. Rents rose in core districts across all major cities, led by Hyderabad and Mumbai, which recorded a 15–16 percent YoY increase, according to a Cushman & Wakefield report.

GCCs drive office market with 42% absorption in FY25, Fortune 500 companies dominate

According to data from real estate consultancy Vestian, leasing of offices by GCCs rose 24 percent during the financial year and reached 31.8 million square feet.

Global Capability Centres fuel India's office boom, driving record leasing and innovation hubs

In 2024, GCCs alone leased 28 msf, fuelling a record 77.2 msf of office leasing. This represented a 15.2% YoY increase.

MMR rents soar 28%, now India’s costliest office market; Hyderabad & NCR close behind

This significant rise in office rentals is attributed to the post-pandemic rebound and sustained demand for premium office spaces in top hotspots like MMR, Delhi NCR, Hyderabad and Bengaluru, the report said.

German IT firm leases 7 lakh sqft office space for Rs 2.9 crore monthly rent in Gurugram

The tenure of the lease is 12 years. The agreement mentions 12 percent escalation in lease rent at the end of every three years.

Hyderabad rising: Infra, affordability, economy powering realty surge

These advantages need to be sustained through long-term urban planning and policy support for Hyderabad to realise its future potential, experts said.

India’s office leasing hits record 81.7 MSF leasing in 2024, IT/ITES sectors lead demand

The office leasing market also saw most of the demand for large transactions in 2024 as transactions above 100,000 sqft contributed 41 percent of total demand, with a 13 percent YoY increase, particularly in Bengaluru and Pune.

Office fit-out costs jump as demand for sustainable workspaces grows, Mumbai tops the list

Mumbai remains the most expensive city for fit-outs in India, followed by Delhi; Tokyo claims the top spot in Asia-Pacific

Indian real estate market sees 88% YoY investment surge to $ 3.0 billion in H2 2024

According to Colliers ‘Asia Pacific Investment Insights H2 2024’ report, office assets continued to draw the majority of the investments with a 47 percent share, followed by industrial & logistics with a 27 percent share.

Workspace provider Smartworks leases 0.22 msf office space in Hyderabad

Smartworks had a total super built-up area of 9.12 million square feet across 45 centres in 13 cities in India, as of August 14, 2024

India’s flexible workspace sector achieves record 12.4 msf of gross leasing volume in 2024

Among India’s top flexible workspace markets, Bengaluru led with 3.4 msf of leasing volume, nearly doubling its previous year’s tally. Mumbai, meanwhile, recorded a 3-times YoY growth in GLV, reaching 1.9 msf.

Hyderabad hits record 5.3 msf GCC leasing in 2024

Thanks to robust demand for office spaces from global firms, the city's office stock has more than tripled since 2014.

India's office leasing volumes touch 66.4 msf in 2024, market likely to reach 70 msf in 2025: Report

Global Capability Centres (GCCs) have emerged as a major demand driver, with leasing surging 41 percent YoY to 25.7 msf in 2024. Bengaluru captured 47 percent of GCC leasing, while Mumbai witnessed a fourfold increase in GCC uptake compared to 2023, the report said.

Global firms’ office leasing in India hit record high: JLL report

The trend underscores India’s robust office market for multinational companies, and its growing status as “office to the world,” the JLL report said

Smartworks expands in Gurugram with Rs 94 crore office lease ahead of IPO

This marks Smartworks’ fourth managed campus in Gurugram, in addition to its existing campuses at Golf View Corporate Towers on Golf Course Road, RK 4 Square in Cyber City, and ASF Insignia at Vatsal Valley.

Mumbai sees uptick in SEZ leasing following denotification

Leasing in SEZ-notified buildings in the Mumbai Metropolitan Region was around 1.42 million square feet in the first nine months of the financial year.

Year-ender 2024: Office leasing to reach record high of 85 msf, GCCs remain key demand driver

The calendar year of 2024 is likely to end with a historic high gross leasing volume of office spaces at 85 msf. The surge in demand coupled with a relatively slower supply could lead to vacancy rates falling sharply to 17 per cent as of end-2024, data shows.