NEW DELHI: Mumbai experienced an 8% quarter-on-quarter rise in net effective all-in occupier costs between Q3 and Q4 2025, marking the highest increase among 40 global cities in Savills India’s study. This growth was attributed to tight supply conditions and consistent demand for top-grade A office spaces.
Delhi also saw a rise in prime office costs during the quarter, showcasing ongoing interest from occupiers in high-quality office buildings.
Globally, net effective prime office costs rose by an average of 1.1% in Q4 2025, with 23 out of the 40 monitored cities reporting increases.
Over the entire year, global prime office costs grew by 5.1%, with India’s performance, especially Mumbai’s, surpassing the global average for the quarter.
