New supply of office space in top 7 cities down 4% in July-September; demand up 17%: Vestian

India's major cities saw a 4% year-on-year decline in new office space supply in the third quarter of 2024, reaching 12.8 million square feet, while office space leasing rose 17% to 18.61 million square feet. Bengaluru experienced a significant 84% surge in office leasing, while Hyderabad's leasing activity declined.

Nov 19, 2024 - 15:30

New supply of office space in top 7 cities down 4% in July-September; demand up 17%: Vestian

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India's major cities saw a 4% year-on-year decline in new office space supply in the third quarter of 2024, reaching 12.8 million square feet, while office space leasing rose 17% to 18.61 million square feet. Bengaluru experienced a significant 84% surge in office leasing, while Hyderabad's leasing activity declined.