Tag: Savills India report

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Mumbai’s Office Space Costs Soar 8% in Q4 2025

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…

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India office leasing remains steady at 75.2 million sq ft in 2025

NEW DELHI: By the end of 2025, India’s office market demonstrated stability, with gross leasing across six key cities reaching 75.2 million sq ft, consistent with the previous year, as reported by Savills India. Bengaluru, Delhi-NCR, and Mumbai were the standout markets, collectively representing nearly 61% of the total office leasing activity. Despite uncertainties in the global economy, demand showed resilience, bolstered by new market entrants and the expansion of global capability centers (GCCs). Savills projects a positive outlook for 2026, driven by sustained interest from GCCs, technology firms, and the BFSI sector, although the robust supply pipeline may slightly…