Page 2 - Office Spaces

BlackRock Services India leases 1.4 lakh sq ft with IndiQube in Bengaluru

The lease is among the largest transactions in India's co-working space, underscoring the growing preference of global institutions for flexible office providers

Retail space demand in Delhi-NCR jumps 25% in Jan-Jun 2025, shows CBRE data

Leasing of retail spaces in shopping malls and high-streets across Delhi-NCR rose 25 per cent in the January-June period on better demand and higher new supply, according to CBRE. Real estate consultant CBRE data shows that the Delhi-NCR market saw leasing of 5 lakh sq ft retail spaces in January-June as compared to 4 lakh sq ft in the year-ago period. Fashion and apparel segment was a major driver of demand in January-June 2025 with 35 per cent of the share in the total leasing across Delhi-NCR. Homeware and departmental store took 30 per cent of the retail spaces. CBRE data pertains to leasing in investment-grade shopping malls, high streets and standalone developments. Fresh supply of retail spaces in shopping malls only stood at 3 lakh sq ft during the first half of 2025 as compared to zero new supply in the corresponding period of the preceding year. Commenting on the trend, Ankit Sharma, SVP-Leasing at Elan Group, said, "Retail is no longer just about transactions, it is ab

India's office market speeds up institutionalisation with more Reits ahead

India's office real estate is shifting from fragmented ownership to institutionalisation with rising Reit penetration, global investors, and growing demand from multinational occupiers

Navi Mumbai to emerge as MMR's next prime office destination: Report

Cushman & Wakefield report highlights Navi Mumbai's cost advantage, 87 per cent office occupancy, and new infra projects including the upcoming international airport by 2025

Reit penetration in office market can reach 25-30% by 2030: Colliers India

Colliers report highlights 371 mn sq ft of Grade A office stock in India holds REIT potential, led by Bengaluru and Hyderabad, with demand from GCCs and BFSI firms driving growth

Brigade Ent signs long-term lease for mixed-use development in Chennai

Bengaluru-based Brigade Enterprises signs a long-term lease for a 7-acre site in Chennai to develop a mixed-use destination featuring Grade A office space and a 225-key 5-star deluxe hotel.

Sitting too long? Alia Bhatt and Kriti Sanon's trainer shares easy hacks

Alia Bhatt and Kriti Sanon's fitness coach Karan Sawhney calls sitting the new smoking, recommends practical hacks to add movement daily

India leads APAC office demand with 70% share in H1 2025 leasing: Report

Country accounts for 48% of new office supply in APAC and demand 'remains positive': Colliers

Rentals on rise: Robust office space demand set to benefit landowners

Recent office demand has been driven by global capability centres (GCCs), flex space operators, and domestic businesses

Apple rents 270K sq ft office space in B'luru, to pay ₹1K cr in 10 years

Apple India signs a 10-year lease for 2.7 lakh sq ft office space in Embassy Zenith, Bengaluru, with a total rental outlay of Rs 1010 crore, marking its second office in India's tech hub

IndiQube to expand into new cities, targets 30% revenue growth in FY26

The recent market debutant entered new markets like Kolkata and Mohali in the quarter ended June

Knight Frank upbeat about the next phase of India's robust growth

The need for GCCs and India-facing businesses in India has increased dramatically. These two factors have contributed to the office demand, said Baijal, Knight Frank India, chairperson

Net office leasing in top 6 cities likely to sustain at record levels: ICRA

Rating agency ICRA on Thursday said net leasing of office space in the top six cities rose 14 per cent to 65 million sq ft last fiscal and the demand is likely to sustain during 2025-26. In a statement on Thursday, ICRA said it expects the net absorption or leasing of office space in 2025-26 across the top six cities (Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai Metropolitan Region (MMR) and Pune) to sustain at all-time high levels witnessed in the preceding year. The demand is driven by Global Capability Centres (GCCs), Banking, Financial Services and Insurance (BFSI) institutions, flex-space operators, and domestic Information Technology-Business Process Outsourcing (IT-BPM) firms. Quoting data of PropEquity, ICRA said that the net absorption stood at a record 65 million square feet in 2024-25 (14 per cent YoY growth) across India's top six cities. In the April-June quarter of this fiscal, 17 million sq ft of office spaces have been absorbed.

Knowledge Realty Trust to raise ₹4,800 cr, eyes asset buys post IPO listing

Blackstone- and Sattva-backed office REIT to raise ₹4,800 crore next week; India's largest REIT on listing eyes 60% net income growth by FY29

Smartworks Coworking aims to 'scale up' business after market debut

Smartworks plans to sustain 35% growth after its NSE-BSE listing, riding on robust demand for co-working spaces, expanding presence, and strong cash inflows

Office demand in Navi Mumbai rises 40% in 2024, to grow further: CRE Matrix

Demand for premium office spaces in Navi Mumbai rose 40 per cent in 2024 to 5.8 million square feet, and the leasing activities are expected to increase further on affordable rent, according to CRE Matrix. Real estate data analytics firm CRE Matrix Co-founder and CEO Abhishek Kiran Gupta noted, "Navi Mumbai is one of the most affordable office markets across major 7-8 cities, with a weighted average rental of around Rs 65 per square feet." He said the demand has been rising in the key office micro-markets of the Mumbai Metropolitan Region (MMR). In the first six months of this calendar year, he said the gross leasing of office space in Navi Mumbai exceeded by nearly 0.8 million (8 lakh) square feet. "There is a huge demand for Grade A office space in Navi Mumbai from global and domestic corporates," he said. The demand will further rise because of the infrastructure development in this part of MMR, including the new airport, Gupta observed. Tata Realty & Infrastructure Ltd, K .

India sees highest ever office leasing in H1 2025 at 48.9 mn square feet

Strong demand from Global Capability Centres and flexible office spaces drove India's office leasing to a record 48.9 million sq ft in the first half of 2025

Gross office space leasing soars 5% in Q2 of 2025: Cushman & Wakefield

With total leasing in the first half of the year at approximately 42 million square feet, the sector is on pace to exceed 90 million square feet in annual activity, potentially setting a new record

Office space demand from GCCs up 24% at 31.8 mn sq ft in FY25: Vestian

Leasing of office spaces to set up Global Capability Centres (GCCs) increased by 24 per cent last fiscal to 31.8 million square feet across seven major cities, according to a report. Data from real estate consultant Vestian showed that the leasing of office space to establish GCCs stood at 31.8 million (318 lakh) square feet in 2024-25 as against 25.6 million (256 lakh) square feet in the preceding year. "Over the past couple of years, GCCs have been the primary growth driver of India's office market. This growth has been fueled by cost optimization strategies, a skilled talent pool, rapid infrastructure development, favourable government policies, ease of doing business, and a supportive business environment," Vestian said in a statement on Wednesday. As per the Vestian's report, GCCs accounted for 42 per cent of the pan-India absorption in 2024-25, registering a marginal increase from 41 per cent a year earlier. Shrinivas Rao, CEO of Vestian said, "GCCs contribute significantly t

Urban Vault to invest ₹100 crore in FY26 to expand co-working footprint

The company adds over 700 desks in Gurgaon and plans to close FY26 with an annual run rate of ₹250 crore, with further expansion across Noida, Pune and Bengaluru