Page 3 - Office Spaces

Co-working operators' office leases up 48% in top 7 cities: Colliers

Co-working centre operators have rented 65 lakh square feet of office space during the January-June period this year across seven major cities, up 48 per cent on an annual basis, on rising demand for managed and flexible workspaces from corporates, according to Colliers India. Co-working operators leased 44 lakh square feet in the corresponding period of 2024 calendar year across seven cities -- Delhi-NCR, Mumbai, Kolkata, Chennai, Hyderabad, Pune and Bengaluru. The co-working operators take office spaces on rent from real estate developers and property owners and then sub-lease it to corporates of all sizes. Although many corporates have started opting managed office space provided by co-working operators to save cost and hassles, a large number of companies still take conventional workspaces directly from builders and property owners. Colliers India data showed that the total gross leasing or absorption of office space rose 13 per cent to 337 lakh (33.7 million) square feet durin

Grade A office leasing up 11% in Q2 CY25, led by flex space demand: Report

Indian commercial real estate likely to have 'another impressive year' in 2025: Colliers

Office space demand rises 11% in April-June across top 7 cities: Colliers

Gross leasing of office space rose 11 per cent to 178 lakh sq ft across seven major cities during the April-June period on healthy demand from corporates despite global economic uncertainties, according to Colliers. The gross leasing stood at 161 lakh sq ft in the year-ago period across seven major cities. Real estate consultant Colliers India data showed that demand of workspace increased in six cities -- Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, and Pune. The leasing activities declined only in Mumbai, as per Colliers. The gross absorption or leasing does not include lease renewals, pre-commitments and deals where only a letter of Intent has been signed. "India's office market continues its upward trajectory in 2025, building on the momentum of past two years," said Arpit Mehrotra, Managing Director, Office Services, India, Colliers. Backed by diversifying occupier base, a steady supply pipeline and growing investor appetite, he said the calendar year 2025 is shaping u

Wipro inks 10-year lease for office space in MMR's Mindspace Business Park

The tech firm has taken space in building no. 2 of Mindspace Business Park with parking for 194 cars and a monthly rent of Rs 2.5 crore at Rs 64 per sq ft

Listed REITs can expand as 47% of office stock is over 10 yrs old: Anarock

Anarock and Colliers reports show only 117.2 million sq. ft. under listed REITs in India with ageing Grade A stock and micro-market concentration offering growth opportunities

Top 10 micro markets to drive 80% of India's office space growth: Colliers

A Colliers report finds that high-activity micro markets will drive the bulk of office demand and supply growth, fuelled by flex space, GCC traction and REIT-worthy stock

WeWork India expands footprint in Pune & Chennai, adds over 200K sq ft

WeWork India has secured its third location in Chennai since entering the market just over a year ago

Simpliwork expands Bengaluru footprint with 1.32 lakh sq ft office lease

The co-working firm plans to double its portfolio to 9.5 million sq ft by FY27 and expects revenue to reach ₹1,400 crore as demand for agile workspaces continues to grow

Global capability centres fuel premium play in India's office space

Demand for Grade-A, ESG-compliant, smart offices on the rise

Cushman-Nuvama JV to deploy ₹3,000 cr in 'offices of the future'

Jain explained that the GCCs' increased leasing in India has to do with the quality of talent, skill availability, and the possible cost arbitrage in India

New properties and office leasing to drive growth for Chalet Hotels

New hotel properties and stronger office leasing expected to drive margin growth for Chalet Hotels in FY26 despite geopolitical headwinds and seasonal weakness

Hyderabad holds max vacant office space at 284 lakh sq ft: Vestian

Hyderabad has maximum vacancy in office space at 284 lakh sq ft among seven major cities amid strong supply in last few years, according to real estate consultant Vestian. As per the Vestian data as of March 2025, Hyderabad has a total office stock of 1,620 lakh square feet, of which 284 lakh sq ft or 17.5 per cent area is vacant and yet to be rented out to corporates. The vacancy in Hyderabad came down to 17.5 per cent from 19 per cent as no fresh supply came into the market during January-March period of this year. After Hyderabad, the consultant data showed that Delhi-NCR has vacant office space of 232 lakh sq ft out of total office stock of 1,364 lakh sq ft. The vacancy rate in Delhi-NCR is 17 per cent. Bengaluru, the country's most prominent office market, has a stock of 2,805 lakh square feet and out of that 7.5 per cent or 210 lakh sq ft is vacant. In Chennai, the office vacancy is 7.1 per cent. The total office space stock is 843 lakh sq ft and 60 lakh sq ft is vacant. Of

Mindspace Reit Q4: NOI grows 13% amid sustained demand for grade-A assets

Mindspace recorded gross leasing of 2.8 million square feet (msf) in Q4FY25, compared to 2 msf in Q4FY24. The occupancy across its assets stood at 93 per cent

Green office inventory to touch 700 msf in next two to three years

Currently, two-thirds of Grade A office stock is already green-certified across the top six cities, with these buildings having higher occupancy levels at 80 to 90 per cent

Bengaluru-based Table Space sees 41% growth in total portfolio in FY25

Table Space, which competes with co-working office providers like Awfis, Bhive, Indiqube and Smartworks, among others, has seen its overall space expand to 10.5 million sq ft

Co-working office space leasing drops 43% in Jan-Mar across 9 cities: CBRE

Leasing of office space by co-working operators declined 43 per cent annually to 21.6 lakh square feet in January-March quarter this year across nine major cities, according to CBRE. The co-working space operators, who mainly provide managed flexible workpace to corporates of all sizes, had rented 37.6 lakh sq ft office space in the year-ago period. Real estate consultant CBRE data showed that the share of co-working space operators in the total office leasing transactions declined to 12 per cent in the latest March quarter from 22 per cent in the year-ago period. The co-working players take office on rent from property owners to establish their centres and then sub-lease to clients that are mainly corporates. WeWork India, Smartworks, listed-firm Awfis, Incuspaze, Simpliwork Offices, and IndiQube are some of the major co-working players. The demand for flexible managed workspace has risen significantly after the Covid pandemic. Overall, the total gross leasing of office space ros

Foreign firms lease 62% of office space in India's top 9 cities: CBRE

Foreign companies rented 111.6 lakh sq ft office space in January-March this year across nine major cities, contributing 62 per cent to the total demand, according to CBRE. Real estate consultant CBRE data showed that the gross leasing of office space rose 5 per cent to 180 lakh sqft in January-March across nine cities as against 171 lakh sqft in the year-ago period. Global corporates accounted for 62 per cent of office space leasing. Out of 180 lakh sqft gross leasing of office space, foreign firms rented 111.6 lakh sqft while domestic firm 68.4 lakh sqft. These nine cities are -- Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad, Pune, Ahmedabad, and Kochi. Anshuman Magazine, Chairman & CEO -- India, South-East Asia, Middle East & Africa, CBRE, said, "India's office sector is on a solid trajectory for sustained leasing growth, driven by strategic expansions from both domestic and global occupiers." Established hubs like Bengaluru, Hyderabad, Delhi-NCR, and Mumbai ...

Office space leasing rises 74% in Jan-Mar across top 8 cities: Knight Frank

India's top eight office markets witnessed a 74 per cent rise in gross leasing of office spaces in the latest March quarter to a record 282 lakh square feet, mainly driven by a strong demand for foreign firms setting global capability centres (GCCs), according to Knight Frank. On Thursday, real estate consultant Knight Frank India released its 'India Real Estate: Office and Residential Report' for January-March 2025. "Q1 2025 was an exceptional period for the Indian office space market. With the demand for GCCs consistently breaching new highs, global perception of India as a long-term investment destination continues to strengthen," Shishir Baijal, Chairman and Managing Director of Knight Frank India, said. Among eight major cities, Knight Frank data showed that the gross leasing of office space in Bengaluru jumped more than three times to 127 lakh square feet during January-March 2025 from 35 lakh square feet in the year-ago period. Around 58 per cent (74 lakh square feet) of the

Flex office operators eye IPOs as MNCs, GCCs demand grade-A spaces

In the first quarter of 2025 (Q1 2025), the flex office segment continued to grow, with flex space leasing rising by 22 per cent to 2.2 million square feet (msf), according to Colliers

Office space leasing up 15% in Jan-Mar across 7 major cities: Colliers

Office space leasing rose 15 per cent during January-March period to 159 lakh sq ft across seven major cities on higher demand from domestic and foreign companies, according to Colliers. The gross office leasing stood at 138 lakh sq ft in the year-ago period. Real estate consultant Colliers India on Thursday released the data for the India office market. As per the data, the gross leasing of office space in Bengaluru increased 13 per cent to 45 lakh square feet in the current quarter from 40 lakh square feet in the year-ago period. In Chennai, the gross leasing of workspace surged 93 per cent to 29 lakh square feet from 15 lakh sq ft. Office leasing in Delhi-NCR grew 32 per cent to 33 lakh sq ft from 25 lakh sq ft. Mumbai witnessed 16 per cent growth in office leasing to 22 lakh sq ft from 16 lakh sq ft. In Pune, the office leasing rose 50 per cent to 12 lakh sq ft from 8 lakh sq ft. However, the demand in Hyderabad and Kolkata was low. In Hyderabad, the leasing activities fel