The office market saw 25.1 million square feet completed in H1 2024
India's prime office markets saw a 4-8 per cent year-on-year rise in rentals in the first quarter, propelled by strong demand and an influx of high-quality supply, according to Colliers' latest report
Number of Global Capability Centres likely to reach 3,000 by 2030, employing more than 3 million people
The total leasing of office space, which comprises demand for all grades of buildings, fell 21 per cent year-on-year in October across seven major cities to 6.7 million square feet on lower demand, according to property consultant JLL India. The aggregate office market leasing activities refer to transactions for all grades or types of buildings in the top 7 cities (Delhi-NCR, Mumbai, Bengaluru, Chennai, Hyderabad, Pune and Kolkata). The data includes confirmed pre-commitments and term renewals. Deals in the discussion stage are not included. Total office leasing activities stood at 8.5 million square feet in August 2021. As per the data, Mumbai with a 65 per cent share of monthly leasing activity clearly leads the way, mainly due to strong demand for space coupled with select significant renewals during the month, followed by Delhi NCR and Pune. These three cities accounted for nearly 93 per cent of all leasing activity in the October 2022 monthly leasing activity tracker. The ..
Majority of the deals expected to take place in the second quarter of 2020 were pushed to subsequent quarters, or are being reconsidered
Total office absorption in H1 2017 stands at 18.9 million sq ft