Noida’s office market has seen steady growth over the past six years, emerging as a key destination for corporates and Global Capability Centres (GCCs) in North India. According to a report by real estate consultancy Cushman & Wakefield titled Noida–Runway for Growth, average office rentals in the city have increased 18 per cent between 2019 and 2025, reflecting both rising demand and strategic infrastructure upgrades.
Prime locations in the city have seen even stronger growth, with office rents climbing 29 per cent over the same period. This indicates a broad-based expansion in both core and peripheral business districts, underlining Noida’s growing stature as a corporate hub.
As of September 2025, Noida has a total office stock of 43.4 million square feet, including 26.6 million square feet of Grade A+ assets, representing the city’s highest-quality office space. Cushman & Wakefield’s analysis suggests that these numbers are a reflection of a structural transformation, driven by improved infrastructure, proximity to Delhi, and a strong pool of STEM talent.
The report shows that average office rents in Noida currently stand at Rs. 70–72 per square foot per month, up from Rs. 59–61 in 2019. The central business district (CBD), which includes sectors like Sector 16 and Film City, has experienced a sharper rise, with rents now at Rs 110–112 per square foot, up 29 per cent from Rs. 85–87.
Secondary business districts have also witnessed growth. The SBD-2 corridor, which runs along the expressway, saw rents rise to Rs. 67–69 per square foot from Rs. 60–62, while SBD-1 in Sector 62 increased to Rs. 61–63 from Rs. 54–56. In the primary business district (PBD), covering Sectors 1–10 and 57–59, monthly rents grew to Rs. 44–46 from Rs. 39–41 per square foot.
Cushman & Wakefield projects that Noida’s office rentals will continue their upward trajectory. During January–September 2025, the city recorded gross office space leasing of 3.3 million square feet, with the year-end estimate expected to reach 4.7 million square feet. GCCs alone accounted for approximately 1 million square feet in the first nine months, expected to rise to 1.28 million square feet by December.
Supriya Chatterjee, Managing Director, North, Cushman & Wakefield, said, “Noida’s growth today is both broad-based and structural. Our analysis shows a city evolving across every major front—strengthening its office corridor, upgrading its retail landscape, accelerating residential momentum, and emerging as North India’s most competitive industrial and data centre hub.”
She added that the city’s office market is increasingly moving toward institutional and investment-grade developments. “With infrastructure upgrades such as the Noida International Airport, improved metro connectivity, and enhanced expressway links, coupled with strong policy support and a deep talent pool, Noida is well-positioned for long-term expansion,” Chatterjee noted.
The city’s strategic positioning near Delhi-NCR, combined with improved transport and robust talent availability, has made it an attractive choice for corporates seeking modern office spaces. This demand is particularly pronounced among GCCs and multinational corporations looking for high-quality, well-connected office environments.
According to the report, Noida’s growth is not limited to commercial real estate. Residential development, retail expansion, and industrial real estate are also seeing steady progress, creating a comprehensive ecosystem that supports corporate and lifestyle growth.
With rising demand, consistent rental growth, and a move toward institutional-grade office spaces, Noida is entering a new phase of scale and maturity across all asset classes of real estate. The city is now emerging as one of the most competitive corporate hubs in North India, offering a strong foundation for sustained investment and development in the coming years.
