Commercial Real Estate Leasing in Pune Surges 19% in 2024
Pune witnessed a 19% growth in office space leasing in 2024, with a total of 80 lakh square feet leased, according to data from Knight Frank India. This growth was primarily driven by robust demand in the first half of the year, with steady demand continu
PuneCommercial Real EstateOffice SpaceLeasing ActivityReal Estate MarketReal Estate NewsJan 07, 2025
The market experienced a robust first half, followed by steady demand in the second half, despite some minor adjustments.
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Frequently Asked Questions
What was the percentage growth in office space leasing in Pune in 2024?
Pune witnessed a 19% growth in office space leasing in 2024.
What is the total leasing activity in Pune in 2024?
The total leasing activity in Pune in 2024 was 80 lakh square feet.
What percentage of office space transactions in Pune were flexible office spaces in 2024?
Flexible office spaces accounted for 35% of the city's office space transactions in 2024.
Which segment of tenants is the largest in Pune's office market?
Co-working spaces are the largest segment of tenants, occupying almost one-third of the market.
What is the current Grade A office vacancy rate in Pune?
The current Grade A office vacancy rate in Pune is at a three-year low.
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