Moneycontrol.com-India's office leasing volumes touch 66.4 msf in 2024, market likely to reach 70 msf in 2025: Report
India's commercial office market has achieved “record-breaking” absorption of 66.4 million square feet in 2024, marking 14 percent year-on-year (YoY) growth even as the market is projected to touch 65-70 msf demand in 2025, according to a FICCI-Colliers report.
The report stated that Bengaluru led with its highest-ever absorption of 21.7 msf in 2024, while Hyderabad registered the strongest growth at 55 percent. The report highlighted that shift from a supply-led to an occupier-driven market has been cemented by three consecutive years of leasing volumes exceeding 50 msf.
