Are you ready for a surge in demand for office spaces in India’s top six cities in 2025? Well, get ready because according to a recent report, the demand for office spaces is expected to experience a significant increase, with gross leasing projected to reach 65-70 million square feet.
So, what’s driving this growth? Sectors such as engineering, manufacturing, BFSI, and flex space operators are expected to be the key drivers of this surge in demand. Bengaluru is expected to lead the pack, accounting for one-third of the total demand, with Hyderabad and Delhi NCR also seeing heightened leasing activity.
But it’s not just these sectors that are driving the demand. The diversification of the occupier base, the expansion of Global Capability Centers, and positive business sentiments are all contributing to the increase in demand for office spaces.
To accommodate this growing demand, around 60-65 million square feet of new office space is expected to be added to the market in 2025. Developers are also focusing on providing sustainable office spaces, with a growing emphasis on energy efficiency and sustainable construction materials.
And let’s not forget about the Global Capability Centers, which are expected to drive nearly 40% of the total office space demand in 2025. Bengaluru and Hyderabad will continue to be favored hubs for these GCCs, with US-based companies leading the demand in sectors such as Technology, BFSI, and Engineering.
So, get ready for a booming office space market in India’s top six cities in 2025. With projected leasing growth, a surge in demand from various sectors, and a focus on sustainability, the commercial real estate landscape is set to evolve in the coming years.
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