Office Spaces

Foreign firms leased a record 9.1 million sq ft office space last quarter across India's top 9 cities to set up Global Capability Centres (GCCs), according to CBRE. Real estate consultant CBRE on Monday released its office market data for January-March period, which showed that the office space demand remained strong driven by leasing of workspaces for establishment of GCCs. As per the data, the total gross leasing of office spaces rose 5 per cent across top 9 cities to 20.7 million square feet in January-March from 19.7 million square feet in the year-ago period. The nine cities are -- Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Pune, Kolkata, Ahmedabad and Kochi. The leasing of space for GCCs stood at record 9.1 million sq ft in the January-March period, the highest in any quarter. "The record GCC leasing activity is a definitive signal of India's position as the global destination of choice for high-complexity capability functions," said Anshuman Magazine, Chairman & CEO,

Bhive Workspace plans to add around 1 million sq ft capacity in 2026 with an investment of up to ₹300 crore, expanding its campus model across key micro-markets in India

Acquisition of two Chennai office assets from sponsor portfolio to strengthen Mindspace REIT's presence and expand leasable portfolio and asset base

Leasing activity nearly doubles in FY25 as firms expand beyond metros to cut costs and tap talent, even as supply constraints persist in smaller markets

Value-based cost models vs direct leasing adds premium to opertors' earnings

Godrej Seeds and Genetics acquires over 70,000 sq ft office space in Mumbai's Vikhroli through three transactions, reflecting sustained demand in India's office market

Flexible office stock in India has surged past 100 million sq ft, tripling since 2020, driven by enterprise adoption, GCC expansion, and strong investor interest

Co-working operators are expanding their business in tier II cities to meet demand of managed office spaces from corporates, as more than 575 centres, comprising nearly 9 million sq ft area, have been set up across 17 small towns, according to Vestian. US-based real estate consultant Vestian has come out with a report 'Flex Spaces Reshaping Tier II Office Markets', which suggests that India's 17 major tier II cities house more than 575 co-working or flexible workspace centres, representing nearly 29 per cent of the total such facilities across India. In terms of area, these 17 towns have over 8.8 million sq ft of flexible workspace stock, accounting for over 9 per cent of the pan-India flex stock. The average size of the co-working centre is 64 per cent smaller than that of Tier-1 cities. Co-working operators generally take on lease office space from real estate developers and property owners to set up their centres and then sub-lease workspaces to corporates of all sizes. These ..

IndiQube Spaces signs a Rs 54 crore, five-year deal for 1,140 seats in Pune, highlighting growing demand from global capability centres for flexible workspaces in India

Large integrated campuses developed by leading players such as DLF, Brookfield, Embassy, Bagmane, K. Raheja Corp, and Sattva are operating at near-full occupancy

Managed workspace operator IndiQube guides for 30-35% revenue growth in FY26, plans up to 2 million sq ft annual addition, and aims to sustain 80-85% occupancy

US technology major leases space at Tata Realty's Intellion Park as demand for offices in tier-I cities stays strong and absorption continues to outpace new supply

Coworking firm Smartworks plans 30-35% annual growth over the next few years, driven by capacity additions, enterprise demand and expansion into new Tier I markets

JP Morgan India leases 2.7 lakh sq ft in Powai for ₹612 crore over five years, opting for a premium managed office space operated by Cowrks

Net leasing of office spaces rose 25 per cent last year to a record 61.4 million sq ft across eight major cities on strong demand from domestic and overseas companies, according to Cushman & Wakefield. Net leasing of office spaces stood at 49.1 million sq ft during 2024 in these eight cities. Net absorption or leasing represents the net change in office space occupied during the year. Real estate consultant Cushman & Wakefield on Monday released the data, showing that net office leasing rose in Bengaluru, Hyderabad, Pune, Delhi-NCR, and Chennai but declined in Mumbai, Kolkata, and Ahmedabad. "The last year's performance reflects more than record numbers, it signals a long-term growth trajectory anchored in strong fundamentals," said Anshul Jain, Chief Executive, India, SEA, MEA & APAC Office and Retail, Cushman & Wakefield. He projected that the office demand would remain strong during 2026, driven by expansion of global capability centres (GCCs) in India and rising ...

Despite headwinds such as information technology (IT) layoffs and global tariff tensions, office leasing is expected to grow 10 per cent year-on-year (Y-o-Y) from 49.95 msf in 2024

Embassy Office Parks REIT will buy a fully leased 0.3 million sq ft office asset at Embassy GolfLinks, Bengaluru, for Rs 852 crore. The deal is seen as accretive to DPU and NOI

India to be among the firm's top three global markets in 3-4 years

Noida's office market has seen an 18 per cent increase in rentals during the last six years, with the city gradually emerging as an important location for corporates to set up their bases, according to Cushman & Wakefield. Prime locations at Noida in Uttar Pradesh, however, saw an increase of 29 per cent in office rentals. Real estate consultant Cushman & Wakefield has released a report, 'Noida-Runway for Growth, ' that captures the city's rapid transformation into a premier economic and real estate destination. As per the report, Noida has a total office stock of 43.4 million square feet, including 26.6 million sq ft of Grade A+ (top quality) assets as of September 2025. "Noida's office rental market from 2019 to 2025 showcases broad-based growth, driven by strong demand, major infrastructure upgrades and the city's emergence as a favoured corporate destination," the report said. The average office rentals currently stand at Rs 70-72 per sq ft a month, an increase of 18.3 per

CPP Investments and IndoSpace joint venture IndoSpace Core on Tuesday announced the acquisition of six industrial and logistics parks valued at Rs 3,000 crore (471 million Canadian dollars). The six parks, located across key logistics markets, including Bengaluru, Chennai, Delhi, Mumbai, and Pune, collectively span 380 acres with a leasable area of around 9 million sq ft feet, the company said. Set up in 2017 to acquire and develop logistics facilities across India, IndoSpace Core is co-owned by supply chain infrastructure platform IndoSpace and Canada Pension Plan Investment Board (CPP Investments), which holds a 93 per cent stake in the JV (joint venture). CPP Investments will commit Rs 1,400 crore (217 million Canadian dollars) to fund the acquisition, it said. The latest acquisition strengthens the JV's position as India's largest operator of stabilised industrial and logistics real estate, the company said. "India's logistics sector continues to benefit from strong structural