India's office space: Leasing rises 15% to 18.3 million sq ft across top 7 cities in Q1
Indian office space demand surged 15% year-on-year in Q1, reaching 18.3 million sq ft across seven major cities. Bengaluru led with 5.3 million sq ft, while Hyderabad and Pune doubled their leasing activity. This robust growth, driven by occupier demand and Global Capability Centres, signals a healthy commercial real estate market despite global economic headwinds.
Indian office space demand surged 15% year-on-year in Q1, reaching 18.3 million sq ft across seven major cities. Bengaluru led with 5.3 million sq ft, while Hyderabad and Pune doubled their leasing activity. This robust growth, driven by occupier demand and Global Capability Centres, signals a healthy commercial real estate market despite global economic headwinds.
