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New office space supply in India's major cities dropped 6% in 2024, despite record demand.
A report by Cushman & Wakefield shows that new office space supply in India's eight major cities fell by 6% in 2024, totaling 451.5 lakh square feet.
This decline was seen in most cities including Delhi-NCR, Pune, Chennai, Hyderabad, Kolkata, and Ahmedabad, with Mumbai and Bengaluru seeing increases.
Despite the overall drop, there was record-high demand for office spaces.
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El nuevo suministro de espacio de oficinas en las principales ciudades de la India cayó un 6% en 2024, a pesar de una demanda récord.