India s office leasing market reached record-breaking levels in Q4 2023, with 58.2 million sq ft of gross absorption. Bengaluru dominated office space absorption. Tech s contribution shrank, but demand remained strong due to diversification
Global centers, particularly in the technology and BFSI sectors, have cornered almost 40% of the significant deals in the top six cities. Notable transactions involve names such as Bank of America, Philips, Wells Fargo, Qualcomm, and CitiBank, with deals concentrated in major southern cities such as Bangalore and Chennai.
India office leasing market witness 16% YoY growth in demand at 58.2 mn sqft gross absorption across top 6 cities financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Office space demand surged 92 per cent during October-December period across six major cities on better demand of workspace from corporates and coworking operators, according to Colliers India.
Real estate consultant Colliers India report shows that gross leasing of office space stood at 20.2
Arpit Mehrotra, who presently serves as the Managing Director, South India has expertise in office transactions, lease negotiations and tenant representation. After having led and grown the South India business significantly, he will now look after the pan-India transactions business.