Tag: Grade-A office space

CommercialLatest Stories

Office Vacancy Drops to 13.85% in Q1 2026: Report

Representative AI image NEW DELHI: According to a report by Cushman & Wakefield, India’s office market vacancy rate has dropped to 13.85% in the January-March quarter of 2026, falling below 14% for the first time since the pandemic. This decline is attributed to robust demand from occupiers and limited new supply. Vacancy levels decreased by 48 basis points quarter-on-quarter and 191 basis points year-on-year, marking the eleventh consecutive quarter of decline. The reduction in vacancy was largely due to consistent leasing across various sectors and a decline in new completions, which fell to 8.8 million sq ft in Q1 2026,…

CommercialLatest Stories

Office Leasing Jumps 15% to 18.3M Sq Ft in Q1 2026: Colliers

NEW DELHI: Office leasing in India’s top seven cities surged 15% year-on-year to 18.3 million sq ft in Q1 2026, fueled by demand from technology companies, BFSI sectors, and global capability centers (GCCs), as reported by Colliers India. Bengaluru and Hyderabad combined accounted for nearly half of the total leasing this quarter, totaling about 8.7 million sq ft. Other key markets, including Mumbai, Delhi-NCR, Pune, and Chennai, saw a steady absorption of 2-3 million sq ft each of Grade A spaces. Arpit Mehrotra, Managing Director of Office Services in India for Colliers, remarked, “India’s office demand exhibits strong resilience, with…

CommercialLatest Stories

Morgan Stanley Leases Brookfield’s Ecoworld for ₹23 Crore

BENGALURU: Morgan Stanley Advantage Services has secured nearly 160,000 sq ft of Grade-A office space at Ecoworld business park in Bengaluru, committing to a five-year lease at an annual rental rate of around Rs 23 crore. The lease takes effect from January 10, with the office expected to be operational by May. The property is managed by Arliga Ecoworld Business Parks. This deal highlights Morgan Stanley’s ongoing expansion in India and the sustained demand from BFSI sector occupiers for premium spaces in Bangalore’s most prestigious office area along the Outer Ring Road. According to lease rental documentation from Propstack, “Morgan…

CommercialLatest Stories

Report: India Office Leasing Reaches 86.4 Million Sq Ft by 2025

NEW DELHI: India’s office market achieved a remarkable milestone in 2025, with gross leasing volumes soaring to an unprecedented 86.4 million sq ft, reflecting a 20% year-on-year increase, as reported by Knight Frank India. The annual leasing volume not only surpassed the previous high recorded in 2024 but also exceeded the pre-pandemic figure from 2019 by 43%. Bengaluru retained its status as the nation’s largest office market, with 28.7 million sq ft leased, marking an impressive 59% year-on-year growth. Following Bengaluru were Hyderabad (11.4 million sq ft), Delhi NCR (11.3 million sq ft), Pune (10.8 million sq ft), and Chennai…