Bengaluru Dominates Large Office Space Leasing in India, Transactions Reach 4.5 Mn Sq Ft in H1 2024
Bengaluru leads the way in large office space leasing, with transactions touching 4.5 million sq ft in the first half of 2024. The city accounted for 53% of the total commercial transaction volumes in the top eight cities in India.
BengaluruOffice Space LeasingKnight Frank IndiaCommercial Real EstateIndiaReal EstateSep 13, 2024
The report also stated that transactions for office spaces above 100,000 sq ft recorded a substantial year-on-year (YoY) growth of 54% in the first half of 2024, from 10.18 million sq ft in the first half of 2023 to 15.69 million sq ft in the first half of 2024.
Bengaluru's large office spaces contributed significantly to the city's total commercial transaction volumes, amounting to 4.5 million sq ft, followed by Hyderabad and Mumbai with 3.08 million sq ft and 2.66 million sq ft, respectively.
Frequently Asked Questions
Which city leads in large office space leasing in India?
Bengaluru
What is the total transaction volume of large office spaces in Bengaluru in H1 2024?
4.5 million sq ft
What is the year-on-year growth rate of transactions for office spaces above 100,000 sq ft in H1 2024?
54%
Which cities witnessed the highest transactions in the mid-office space segment in H1 2024?
Mumbai and NCR
What is the growth rate of office space leasing in small office spaces or spaces below 50,000 sq ft in H1 2024?
0.08% YoY
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