Tag: Indian commercial real estate

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2025 Sees 55M Sq Ft in Net Office Leasing: Anarock

NEW DELHI: In 2025, net office leasing in India’s top seven cities reached an unprecedented 55.16 million sq ft, marking a 10% year-on-year increase, according to Anarock Research. This growth came despite challenges like layoffs in the IT sector and global tariff issues. For context, net absorption was approximately 49.95 million sq ft in 2024. Bengaluru maintained its position as the largest office market, leasing about 14.15 million sq ft for the year. However, this represented a 5% decline in net absorption compared to 14.87 million sq ft in 2024. In contrast, Pune experienced the highest annual growth among the…

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Office Rentals in Top 7 Cities Jump 6% Yearly by 2025: Anarock

NEW DELHI: Office rental prices in the top seven cities increased by 6% year-over-year, rising from approximately ₹85 per sq ft in the first nine months of 2024 to around ₹90 per sq ft in the same period of 2025, per Anarock Research. Average vacancy rates experienced a slight decline of 3% annually, decreasing from 16.70% in the first nine months of 2024 to 16.20% in 2025. Chennai stands out with the lowest office vacancy rate among top cities at 8.90%. Office space absorption jumped 34%, increasing from about 31.31 million sq ft in 2024 to approximately 42 million sq…

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India’s Office Space Demand Reaches 48.9M Sq Ft in H1 2025

NEW DELHI: The demand for commercial office space in India hit an all-time high in the first half of 2025, with gross leasing volumes reaching 48.9 million sq ft, reflecting a substantial 41% increase compared to the previous year, according to the latest report by Knight Frank. This remarkable growth was fueled by robust leasing activities in Bengaluru, NCR, and Pune, driven predominantly by Global Capability Centres (GCCs), which accounted for 39% of the total leasing activity. Other significant players included third-party IT services (22%), flexible space operators (21%), and businesses focused on the Indian market (18%). GCCs and IT…