The Economic Times-Global firms just can’t get enough of Indian office market
India's office market has emerged as a crucial destination for global companies scaling their workforce and real estate presence, highlighted by a record peak in net absorption in 2024. The sector continued to witness robust activity, driven by sustained occupier demand across major cities and a strong push from key industries. For the full year, Bengaluru led the charge, with 2024 being its best year yet in net absorption terms, while Mumbai also saw decadal high numbers.
Historic Net Absorption:
Total net absorption in 2024: 49.56 million sq ft, up 18% October-December (Q4 2024)
Net absorption: 18.53 million sq ft, up 16.2% onyear (highest quarterly performance ever)
