Key Points
The two Southern cities of Bengaluru and Hyderabad have emerged as frontrunners for the demand for Grade A office space in Q1 2024, cumulatively accounting for more than half of the India leasing activity for the first time...
The office market in India is typically driven by cities like Bangalore and Delhi-NCR, forming 59% of the office demand in the last four years, said Colliers...
Some large deals closed in the first quarter of 2024 included Tablespace, Samsung, ANSR, and TATA Agratas, leasing large floor spaces upward of 1.5 lakh sq ft across Hyderabad d and Bangalore.. . Hyderabad continues to strengthen its role as a prominent commercial office market in the country..
The first quarter of 2024 has started on a strong note, registering total leasing of 13.6 million square feet across the top 6 cities, marking a remarkable 35% increase compared to the same period last year, indicative of upbeat occupier sentiment...
As business sentiments and economic outlook remain positive, domestic occupiers, especially, will continue to drive the country's office market, said Vimal Nadar, Senior Director and Head of Research Colliers India..
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