Demand Steady Despite Decline in Institutional Office Supply
India’s office market is experiencing a significant shift. Developers, institutional investors, and REIT-backed platforms are increasingly opting for leasing arrangements instead of selling assets, reshaping the commercial real estate landscape and reducing the availability of premium office spaces across the country’s leading property markets. Data from CRE Matrix reveals that single owners and REITs collectively account for 72% of the nation’s 1,085 million sq ft ready office inventory, with properties under multiple ownership structures comprising 27% of the total stock. The trend is evident in the 550 million sq ft of planned or under-construction inventory, where 61% is managed by…