2024 Office Leasing Performance in India: An In-Depth Analysis
In 2024, India’s office leasing market experienced strong growth, driven by the rise of Global Capability Centres (GCCs) and flexible workspaces. Key cities like Bengaluru, Hyderabad, and Delhi-NCR saw record leasing activity, with premium office spaces remaining in high demand. The market was characterized by substantial leasing volumes, but challenges such as oversupply and vacancy rates in certain cities could pose risks moving forward. This article explores the key trends, challenges, and outlook for India’s office leasing market in 2024.