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.
\
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.
Related News Articles
Water Crisis Hits Kalpataru Exquisite Society in Pune's Wakad After Heavy Rainfall
Residents of Kalpataru Exquisite Society in Wakad, Pune, struggle to access basic amenities like water and toilets after severe flooding, PCMC authorities intervene to resolve the issue.
Emaar India Enters Mumbai Real Estate Market with Luxury Villas in Alibag
Emaar India is making a significant move into the Mumbai real estate market with plans to invest ₹2,000 crore over the next few years. The company has recently launched a luxury villa project in Alibag, starting at ₹9 crore.
BJP MLA Files Complaint Against Five Real Estate Developers
BJP MLA Venkataramana Reddy has filed a complaint against five real estate companies for alleged malpractices and delays in project completions.
Anand Mahindra Reflects on 2023: BE 6 and XEV 9e Launches Mark the Year
Anand Mahindra, the Chairman of Mahindra Group, reflects on the standout moments of 2023, particularly the launches of the BE 6 and XEV 9e. These innovative vehicles signify major strides in the company's commitment to sustainability and technological adv
Luxury Apartments Lead Mumbai's Post-COVID Real Estate Revival
Mumbai's real estate market is witnessing a significant surge, with luxury apartments leading the charge. The Real Estate Regulatory Authority's (RERA) standardized regulations have further bolstered transparency and trust in the sector.
CREDAI MCHI Thane Welcomes New President to Drive Real Estate Growth
The CREDAI MCHI Thane chapter has announced a new leadership transition, with the appointment of a new President. The new leader aims to drive growth, innovation, and sustainability in Thane's real estate sector, ensuring the region's continued prosperity.