Robust leasing of 29.4 million square feet in H1 2024 resonates strong developer & investor confidence in India office market
Office market well placed to cross 50 million square feet of absorption in 2024: third year in a row
Q2 2024 saw 15.8 million square feet of leasing across the top 6 cities
Developer confidence remains strong with 13.2 million square feet of completions in Q2 2024
With 52% cumulative share in Q2 2024, Bengaluru and Mumbai drive India office demand
Technology and Engineering & manufacturing sectors account 45% of quarterly demand, highest flex space activity in any quarter
Bengaluru, 26 June 2024: Office market continued its strong performance in Q2 2024, registering 15.8 million square feet of office leasing across the top 6 cities, marking a notable 16% rise over previous quarter. 4 out of 6 cities saw more than 20% increase in office leasing in the second quarter on...