India Market Snapshot | Q1 2024
Our latest report, India Market Snapshot | Q1 2024, provides a quick look at the key trends and developments across 6 of India’s major office markets in the quarter gone by.
Keyword highlights:
- India witnessed the strongest leasing activity for Q1 in the last five years at 16.7 mn sq. ft., a 20% YOY rise.
- Bengaluru continued to contribute the highest to overall leasing with a share of 27%, followed by Hyderabad and Mumbai at 20% and 19%.
- The tech sector led leasing activity with a 26% share in overall absorption, followed by engineering & manufacturing at 18% and BFSI at 15%.
- Large deals (100,000 sq. ft. or more) dominated gross leasing activity and contributed 46% to overall transactions.
Our report has all the details. Download it today!