Bengaluru tops flexible office stock in Asia Pacific region, Delhi-NCR on second spot: Report
4 months, 2 weeks ago

Bengaluru tops flexible office stock in Asia Pacific region, Delhi-NCR on second spot: Report

Hindustan Times  

Bengaluru tops the list of 20 Asia Pacific cities with the highest flexible office stock at 15.5 mn sq ft in the APAC region, including Shanghai, Seoul and Tokyo. Delhi NCR ranks second in the city list with a total stock of 10.7 mn sq ft of flexible office space, a report by CBRE has said. Bengaluru tops flexible office stock in Asia Pacific region, Delhi-NCR on second spot Recent growth in the Asia Pacific flexible office space market has been primarily driven by Indian cities, where the expansion is supported by the demand for managed solutions offered by domestic flexible space operators. Other Indian cities which featured in the top 10 bracket include Hyderabad and Mumbai with 6.8 and 6.1 mn sq ft of flexible office stock, respectively.

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History of this topic

Office leasing by Global Capability Centres in Chennai to touch 3.2 mn sq ft by 2025: CBRE
3 weeks, 5 days ago

Office leasing by Global Capability Centres in Chennai to touch 3.2 mn sq ft by 2025: CBRE

Hindustan Times  

Office leasing by Global Capability Centres in Chennai is expected to touch 3.2 mn sq ft by 2025 on the back of growing infrastructure, proactive state government policies, and quality office developments that are aligned to meet the needs of global corporates, a report by CBRE has said. Office leasing by Global Capability Centres in Chennai is expected to touch …

Delhi-NCR 6th most expensive office market in Asia Pacific with monthly rent of ₹340/sq ft: Knight Frank
1 month, 1 week ago

Delhi-NCR 6th most expensive office market in Asia Pacific with monthly rent of ₹340/sq ft: Knight Frank

The Hindu  

Delhi-NCR is the sixth most expensive office location in the Asia Pacific region, with an average monthly rental of ₹340 per sq ft, while Mumbai ranked eighth in the list, according to Knight Frank India. Real estate consultant Knight Frank, in its latest edition of the Asia-Pacific Prime Office Rental Index for Q3 2024, said Delhi-NCR is the 6th most …

Bengaluru Leads the Flex Office Market with 28% Share
1 month, 3 weeks ago

Bengaluru Leads the Flex Office Market with 28% Share

Hindustan Times  

Bengaluru leads the Indian commercial real estate market with 257 flex office transactions, accounting for 28 per cent of the total deals. The city has emerged as the top market in the small-sized segment, with 150 deals, followed by the National Capital Region (NCR) with 96 deals and Pune with 33 deals.

GCCs Dominate Indian Coworking Market, with Bengaluru Leading the Charge
1 month, 3 weeks ago

GCCs Dominate Indian Coworking Market, with Bengaluru Leading the Charge

Hindustan Times  

Global capability centres (GCCs) leased nearly 23,000 coworking desks between January - September period in India. The resurgence in flex seat occupancy is linked to slower economic growth in the US, prompting companies to leverage India's cost advantages and talent pool, boosting demand for flexible workspaces.

Office leasing up 31% annually to 17.3 mn sq ft across top six cities in Q3 2024; Bengaluru and Hyderabad drive demand
2 months, 3 weeks ago

Office leasing up 31% annually to 17.3 mn sq ft across top six cities in Q3 2024; Bengaluru and Hyderabad drive demand

Hindustan Times  

The July-September quarter of 2024 recorded a 31% year-on-year growth in office leasing, pushing the tally to 17.3 million square feet across the top six cities, a report by property consultancy Colliers said on September 26. Office leasing up 31% annually to 17.3 mn sq ft across top six cities in Q3 2024; Bengaluru and Hyderabad drive demand Bengaluru and …

Bengaluru leads in large office space leasing, transaction volumes touch 4.5 mn sq ft in H1 2024
3 months, 1 week ago

Bengaluru leads in large office space leasing, transaction volumes touch 4.5 mn sq ft in H1 2024

Hindustan Times  

Transactions for office spaces above 100,000 sq ft recorded a substantial YoY growth of 54% in the first half of calendar year 2024 from 10.18 mn sq ft in H1 2023 to 15.69 mn sq ft in H1 2024. Bengaluru’s large office spaces contributed 53% to the city’s total commercial transaction volumes, amounting to 4.5 million sq ft followed by …

Led by Bengaluru, flexible office space supply touches 58 mn sq ft by H1 2024
3 months, 3 weeks ago

Led by Bengaluru, flexible office space supply touches 58 mn sq ft by H1 2024

Hindustan Times  

The flexible workspace footprint across the top eight cities in India has touched 58 million square feet as of H1 2024, a joint report by Cushman & Wakefield and Table Space has said. Led by Bengaluru, flexible office space supply touches 58 mn sq ft by H1 2024 According to the report, the first six months of 2024 added over …

Bengaluru leads leasing by Global Capability Centres in India with 40% share between 2022 to H1 2024: Report
4 months, 2 weeks ago

Bengaluru leads leasing by Global Capability Centres in India with 40% share between 2022 to H1 2024: Report

Hindustan Times  

Bengaluru led leasing by Global capability centres in India between 2022 to H1 2024 with a 40% share, according to a CBRE- Zyoin report released on August 5. Bengaluru leads leasing by Global Capability Centres in India with 40% share between 2022- H1 2024 According to the report, GCCs leased nearly 53 million square feet of office space across the …

Delhi-NCR is the fifth most expensive office space rental market across the Asia Pacific region: Report
4 months, 3 weeks ago

Delhi-NCR is the fifth most expensive office space rental market across the Asia Pacific region: Report

Hindustan Times  

Delhi-NCR is the fifth most expensive office space rental market across the Asia Pacific region, according to a report released by property consultancy Knight Frank India on July 29. Delhi-NCR is the fifth most expensive office space rental market across the Asia Pacific region, report says The prime office market in Delhi-NCR has sustained rental values consistently over the past …

Bengaluru leads office space absorption by global capability centers in India at 4.3 mn sq ft: Report
4 months, 3 weeks ago

Bengaluru leads office space absorption by global capability centers in India at 4.3 mn sq ft: Report

Hindustan Times  

Bengaluru accounts for the highest office space absorption by global capability centers in India at 4.3 million square feet, according to a Knight Frank India - 3AI report released on July 26. Bengaluru leads office space absorption by global capability centres in India Bengaluru is the top choice for platform engineering and constitutes the highest IT/ITeS GCC led office absorption …

Bengaluru’s office space stock to become highest in India by 2030
5 months, 1 week ago

Bengaluru’s office space stock to become highest in India by 2030

The Hindu  

Bengaluru office stock is set to touch 330-340 million sq. Technology, Engineering & Manufacturing, and BFSI sectors are expected to be primary demand drivers, while life sciences, aviation, and automobile are likely to be emerging drivers, according to the analysis. Technology, engineering & manufacturing and BFSI sectors are expected to be the main demand drivers of office space while life …

Office market touches 34.7 mn sq ft transactions in H1 2024; may double by year end on the back of demand from IT firms
5 months, 2 weeks ago

Office market touches 34.7 mn sq ft transactions in H1 2024; may double by year end on the back of demand from IT firms

Hindustan Times  

Office space market across the top eight cities in India recorded its highest ever transaction volume in a half yearly period at 34.7 million square feet in H1 2024. Vacancy rate reduced to 15.6% The office market witnessed 25.1 mn sq ft of space completions in H1 2024. Though GCC recorded a mark-up in its share, India Facing Business continued …

Office leasing across top 9 cities touches 32.8 mn sq ft in Jan-June; Bengaluru leads office leasing at 8.5 mn sq ft
5 months, 2 weeks ago

Office leasing across top 9 cities touches 32.8 mn sq ft in Jan-June; Bengaluru leads office leasing at 8.5 mn sq ft

Hindustan Times  

Office leasing touched 32.8 mn sq ft during January to June period, recording an increase of 14% year-on-year across nine cities, a report by CBRE South Asia Pvt. ft. during January to June period, recording an increase of 14% year-on-year across nine cities, a report by CBRE Bengaluru led office space absorption, accounting for about one-fourth of the total leasing …

Flex office inventory in tier II, III cities to grow 25% by 2024-end, says report
6 months, 1 week ago

Flex office inventory in tier II, III cities to grow 25% by 2024-end, says report

Hindustan Times  

Riding on factors such as changing workplace dynamics, a flourishing startup ecosystem, conducive government policies and infrastructural advancements, non-metro cities are garnering increasing attention from flexible office solution providers in India. The total flex stock in tier II and III cities in the country is projected to grow 25% by the end of calendar year 2024, according to a MyBranch-Qdesq …

Office market net absorption in Q1 2024 at 11.5 mn sq ft across top 8 cities
8 months, 3 weeks ago

Office market net absorption in Q1 2024 at 11.5 mn sq ft across top 8 cities

Hindustan Times  

Despite global headwinds, the Indian office market continues its positive trajectory, registering a net absorption of 11.5 mn sq ft across top eight cities in Q1 2024, according to Cushman & Wakefield’s Q1 office data. A significant contribution to Bengaluru’s healthy leasing volume was 4.8 mn sq ft of fresh leasing activity, and the city accounted for 33% of total …

Flex workspace market to reach 126 million sqft by 2028: Avendus
9 months ago

Flex workspace market to reach 126 million sqft by 2028: Avendus

Live Mint  

India's flexible workspace market is poised to outpace the traditional commercial office sector, fuelled by the adoption of work-from-anywhere policies and asset-light office expansion strategies. According to a report by investment banking firm Avendus Capital, the sector is projected to reach 126 million sq ft by 2028, up from 61 million sq ft in 2023. We expect at least four …

Mapping India’s office spaces
9 months, 2 weeks ago

Mapping India’s office spaces

The Hindu  

While most investors look at factors like vacancy in the market, the historical rent growth and rentals of comparable assets, I have seen that even the most seasoned of investors miss out on taking a look at the upcoming supply in the market — which is the only verifiable forward-looking metric in real estate analysis. Business-as-usual in Bengaluru As India’s …

Office space demand up 15% in top 8 cities; Bengaluru sees 14% fall in leasing: Report
11 months, 2 weeks ago

Office space demand up 15% in top 8 cities; Bengaluru sees 14% fall in leasing: Report

Hindustan Times  

Leasing of office space rose by 15 per cent across eight major cities last year, despite a decline in demand in Bengaluru, the largest workspace market, according to Knight Frank. Data showed that office demand grew 15 per cent annually to 59.6 million square feet in 2023, despite global economic and geopolitical concerns. The data showed that office demand grew …

Bengaluru no. 1 city across APAC in flexible office space stock; Delhi-NCR 3rd: CBRE
1 year, 5 months ago

Bengaluru no. 1 city across APAC in flexible office space stock; Delhi-NCR 3rd: CBRE

Hindustan Times  

Delhi-NCR has emerged as the third biggest city in the Asia Pacific in having flexible office space stock beating Beijing and Seoul, while Bengaluru has retained the top spot, according to real estate consultant CBRE. In its report, 'H1 2023 Asia Pacific Flexible Office Market', CBRE mentioned that Delhi-NCR emerged as 3rd largest city among the 20 Asia-Pacific region cities …

Bengaluru tops in Asia Pacific region in flexible office space stock; Hyderabad 7th
2 years ago

Bengaluru tops in Asia Pacific region in flexible office space stock; Hyderabad 7th

Deccan Chronicle  

New Delhi: Bengaluru has the highest supply of premium flexible office space in Asia Pacific region at 10.6 million square feet, according to CBRE. As of September 2022, Bengaluru recorded 10.6 million square feet flexible stock, the highest among all major APAC cities, including Shanghai, Beijing, Seoul, Tokyo and Singapore. Out of the total premium flexible office space in Hyderabad, …

Bengaluru may see highest growth in office rent in Asia-Pacific region next year
2 years ago

Bengaluru may see highest growth in office rent in Asia-Pacific region next year

Deccan Chronicle  

New Delhi: Office rentals in Bengaluru is expected to grow by 5-7 per cent -- highest in the Asia-Pacific region -- during the next year, according to Knight Frank India. Bengaluru's prime office rental is expected to grow in the range of 5-7 per cent YoY in 2023, highest amongst the 24 APAC cities tracked in the report. New Delhi's …

Bengaluru may see highest growth in office rent in APAC next year: Report
2 years ago

Bengaluru may see highest growth in office rent in APAC next year: Report

Hindustan Times  

Office rentals in Bengaluru is expected to grow by 5-7 per cent -- highest in the Asia-Pacific region -- during the next year, according to Knight Frank India. READ | Why Karnataka's Mysuru is the next real estate hotspot in India Bengaluru's prime office rental is expected to grow in the range of 5-7 per cent YoY in 2023, highest …

Hyderabad beats Bengaluru in new office supply
2 years ago

Hyderabad beats Bengaluru in new office supply

Deccan Chronicle  

HYDERABAD: Hyderabad has surpassed Bengaluru in the new office space addition in the first half of the financial year 2022-23, by posting a growth of 1.8 times compared to the year-ago period. "With 8.2 million square feet of new office space added in Hyderabad in H1FY23, the city accounted for 34 per cent of total new office supply across the …

Real Estate: 2022 Likely To Be Best Year for India's Office Market, Says Colliers Report
2 years, 2 months ago

Real Estate: 2022 Likely To Be Best Year for India's Office Market, Says Colliers Report

News 18  

The year 2022 is likely to emerge as the best year in terms of office space leasing, with absorption likely to cross 50 million sq ft across the top-6 cities — Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai and Pune. While hybrid working continues to be the mainstay, occupiers are not shying away from leasing new large spaces,” Colliers India said in …

Bengaluru’s prime office rental grew 12% despite global headwinds, and rental value may rise: Knight Frank
2 years, 4 months ago

Bengaluru’s prime office rental grew 12% despite global headwinds, and rental value may rise: Knight Frank

The Hindu  

Bengaluru witnessed the highest prime office rental percentage in the entire Asia Pacific region with an increase of 12.1% year-on-year in the second calendar quarter of 2022, said Knight Frank, a realty advisory, consulting and management firm. With a double-digit growth, Bengaluru was the best-performing prime office market in the APAC region in terms of rental growth in Q2 2022 …

Robust Recovery: Office Space Leasing Jumps 97%; Bengaluru, Delhi-NCR Leading
2 years, 8 months ago

Robust Recovery: Office Space Leasing Jumps 97%; Bengaluru, Delhi-NCR Leading

News 18  

The office space sector in India continues to witness a robust recovery, as the leasing activity during January-March jumped 97 per cent y-o-y to touch 11.4 million sq ft, according to a report by India’s leading real estate consulting firm CBRE South Asia. Technology corporates drove leasing with a share of about 34 per cent, followed by BFSI firms, flexible …

Office Space Leasing Sees Rebound; Bengaluru in Highest Demand, Followed by NCR
2 years, 8 months ago

Office Space Leasing Sees Rebound; Bengaluru in Highest Demand, Followed by NCR

News 18  

With the number of COVID-19 cases coming down, demand for offices has started making a swift return with office space leasing registering a 25 per cent year-on-year jump during January-March 2022 to 10.8 million square feet. State-wise, Bengaluru maintained its top position leasing 3.5 msf of office space which was a rise of 5 per cent year-on-year. “The first quarter …

‘Non-metros will offer flexible office space’
3 years ago

‘Non-metros will offer flexible office space’

The Hindu  

As a good number of companies are crafting their own hybrid work model, the demand for flexible workspace is set to cross 60 million sq.ft. The demand for flexible workspace will be driven by companies in the consulting, IT-BPM and e-Commerce space that are establishing multiple satellite offices in suburban locations; as also businesses that are reassessing the use of …

Corporates' demand for flexible workspace up 73% in Jan-Jun period
3 years, 5 months ago

Corporates' demand for flexible workspace up 73% in Jan-Jun period

Business Standard  

Leasing of flexible workspace by corporates rose 73 per cent to 31,538 seats during January-June period on a year-on-year basis, with enterprises looking to save cost besides flexibility that co-working operators offer, according to a report. Top officials of coworking and managed office space operators Simpliwork Offices, Smartworks, The Executive Centre and The Office Pass observed that demand for flexible …

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