Commercial Real Estate News - Latest Updates & Headlines
Delhi-NCR records 61 pc growth in net office absorption, GCCs lead
New Delhi, March 13: The Delhi-National Capital Region (NCR) office market recorded a 61 per cent year-on-year increase in net absorption at 9.5 million square feet in 2024, the highest among the top seven cities, a report showed on Thursday.
India drove double-digit surge in APAC office demand in 2024, growth to continue in 2025: Report
Bengaluru, March 7: Demand for office space across Asia Pacific's (APAC) top 11 markets surged 15.9 per cent annually to 8.8 million sqm (94.7 million sq ft) in 2024, led by India, Mainland China and Japan, according to a report by real estate consultancy Colliers.
India's new office supply hits an all-time high at 515 lakh sq ft in 2024
New Delhi, Feb 27: India's office market reported the highest-ever supply in any year, as new office supply hit an all-time high in 2024 across seven major cities at 515 lakh square feet, a report showed on Thursday.
India's commercial real estate goes green; sustainable workspaces in high demand
New Delhi, February 26: India's commercial real estate (CRE) sector is witnessing a major shift towards sustainability, with increasing demand for green-certified buildings, according to Crisil Ratings.
India's commercial real estate goes green as demand for sustainable offices soars: Report
Mumbai, Feb 25: India's commercial real estate sector is witnessing a major shift towards sustainability as demand for certified green buildings continues to grow, a new report said on Tuesday.
GCCs account for 37 pc of office space leased in India's top 7 cities: Report
New Delhi, Feb 24: The growing presence of GCCs (global capability centres) of multinational companies in India's top 7 cities now accounts for as much as 37 per cent of the office space market in the country, according to a report released by real estate consultancy Anarock on Monday.
Business confidence rises amid demand growth and falling interest rates: Report
Mumbai, February 18: Business confidence across the Asia-Pacific region continues to rise, driven by increasing demand and declining interest rates, according to Colliers' Q4 2024 APAC Cap Rates report.
Business confidence rises in Asia-Pacific, Indian retail sector a bright spot
Mumbai, Feb 18: Backed by growing demand and declining interest rates, business confidence continues to rise, benefiting the retail sector in various markets in the Asia-Pacific region including in India, according to a new report.
Flex space captures 20% of India's gross leasing in 2024, hits record 15.3 mmt: JLL
Mumbai, February 17: The flex space segment has emerged as the second-biggest contributor to India's office leasing market in 2024, capturing 19.8 per cent of the annual gross leasing activity and setting a new record of 15.3 million sq. ft, according to JLL.
Flex space leasing captures 20 pc share, Delhi-NCR leads: JLL
Mumbai, Feb 17: The share of the flex space segment has risen to a substantial 19.8 per cent in the annual office leasing numbers in India to cross 15 million square feet (sq ft) in 2024 , its best share so far, according to a JLL report released on Monday.
Flexible workspace sector in India reaches all-time high gross leasing volume
New Delhi, Feb 17: India's flexible workspace sector registered an all-time high gross leasing volume (GLV) of 12.4 million square feet (MSF) in 2024, a report showed on Monday.
Southern Indian cities race ahead in commercial leasing activity: Anarock report
New Delhi, February 14: The Indian office real estate market has seen a phenomenal rise in demand in the last few years with the year 2024 recording the highest net absorption across the top 7 cities since 2019.
GCC leasing surges to 31 pc of total market, Bengaluru leads
Mumbai, Feb 14: Global Capability Centres (GCCs) have leased 22.5 million square feet (mn sq ft) in 2024, accounting for 31 per cent of total leasing volumes, according to the latest office market assessment by real estate consultancy Knight Frank India.
GCCs fuel record-breaking office leasing in India, to exceed 2,500 units in 3-4 years
Mumbai, Jan 29: Global capability centres (GCCs) fuelled record-breaking 77.2 million square feet office leasing in India, accounting for 36 per cent of total demand in 2024, according to a report on Wednesday.
Average deal size in commercial market up by over 10% in 2024: Knight Frank India
New Delhi, January 12: The average deal size for the commercial market across the leading eight markets in the country has increased by 10.24 per cent, from 37,976 square feet (sq ft) in 2023 to 41,867 sq ft in 2024, according to Knight Frank India.
Average deal size in Indian commercial market increases by over 10% YoY in 2024: Report
New Delhi, January 11: Knight Frank India has reported a significant increase in the average deal size for commercial office spaces across the country, with a rise of 10.24 per cent year-on-year in 2024.
Average deal size in India's commercial market up by over 10 pc in 2024
New Delhi, Jan 11: Average deal size for commercial market across leading eight markets in India increased by 10.24 per cent — from 37,976 square feet in 2023 to 41,867 square feet in 2024, according to a report on Saturday.