Tag: Grade-A office space

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Hyderabad Office Leasing Up 29% to 7.5M Sq Ft in H1 2026

NEW DELHI: In H1 2026, Hyderabad’s office transactions reached 7.5 million sq ft, marking a 29% increase compared to the previous year, as reported by Knight Frank India. This marks the highest leasing volume for Hyderabad in the first half of a year, and the second-highest total transaction volume following H2 2019. Office completions surged by 111% year-on-year, totaling three million sq ft during this period, while the overall office stock in Hyderabad increased to 129.1 million sq ft, up by 5% year-on-year. Despite a rise in supply, vacancy rates decreased by 296 basis points to 11.5%. The average transacted…

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India Office Leasing Jumps 6% to 35.7M sq ft in H1 2026

NEW DELHI: In the first half of 2026, India’s office market achieved 35.7 million sq ft of gross leasing across the top seven cities, reflecting a 6% increase year-on-year, as reported by Colliers India. Grade-A office space leasing reached 17.4 million sq ft in Q2 2026, marking a slight 2% decline compared to last year, amid cautious sentiment from occupiers influenced by global trade challenges and economic uncertainty. Bengaluru led office leasing with a significant 10.5 million sq ft in H1 2026, making up 29% of the overall demand. Hyderabad followed with approximately 7.2 million sq ft, showcasing a remarkable…

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Uttar Pradesh to establish 500 GCC units by 2031: CM

LUCKNOW: Chief Minister Yogi Adityanath has called on global corporations and tech companies to “build the future in Uttar Pradesh”, positioning the state as a potential hub for Global Capability Centres (GCCs), technology investments, and advanced manufacturing. He emphasized Uttar Pradesh’s skilled workforce, improving infrastructure, and investor-friendly policies. While speaking at the Uttar Pradesh Global Growth Dialogue 2026 in Bengaluru, Yogi stated, “The state aims to facilitate 40 million square feet of Grade-A office space and establish 500 GCC units by 2031.” According to Yogi, Uttar Pradesh offers one of the country’s most competitive business environments, backed by over 36…

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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,…

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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…

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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…

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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…