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India's office leasing market is experiencing a remarkable surge, driven by strong economic fundamentals, advanced digital ecosystem, higher return to office, and pent-up demand from businesses that delayed expansion plans during the pandemic.
We are also witnessing companies prioritizing high-quality spaces with strong ESG credentials and modern amenities, leading to a consolidation in the market and a resurgence of large deals (>100,000 sq ft).
While domestic companies continue to show a consistent growth, we're also seeing a notable increase in demand from international businesses attracted to India's dynamic economy and supportive business environment.
This confluence of factors has fueled a significant surge in leasing activity in the first half of 2024, and we anticipate this year to set a new record for office leasing in India, building on the positive momentum of the past two years.
