2024 Q2 office leasing in India's six major cities grew 8% YoY to 15.8 million sq ft, led by Mumbai and Bengaluru.
Colliers' report shows that office leasing in India's six major cities grew by 8% annually during April-June 2024, reaching 15.8 million square feet. Mumbai and Bengaluru led the demand, accounting for over half of total leasing activity. Leasing increased by 16% compared to the previous quarter, with Chennai, Delhi-NCR, and Pune experiencing dips in demand. The robust office market in the first half of 2024 indicates a strong possibility of surpassing 50 million square feet of leasing for the third consecutive year.
June 26, 2024
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