High-activity micro markets likely to witness at least 1 msf of average annual demand & supply over the next few years
High-activity micro markets drive 65% of demand & 76% of new supply in India since 2020
Almost 60% of the micro markets have near-dollar or sub-dollar office rentals; presenting an attractive proposition for global players to consolidate
GCCs prefer SBDs & PBDs, with 73% of GCC leasing concentrated in top 10 micro markets since 2020
Of the 488 msf REIT-worthy office stock in India, 56% is in top 10 micro markets
Bengaluru, India, 19th June 2025: India’s office market has undergone a transformative shift, amidst continuous demand scale up in the last few years. Interestingly, high-activity micro markets across the top seven cities of the country have been witnessing consistently high demand & supply since 2020. These high-activity micro markets collectively accoun...
