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The gross leasing of office space went up 43 per cent to 16.2 million square feet in January-March this year from 11.3 million square feet in the corresponding period of the previous year.

Get latest articles and stories on Business at LatestLY. The findings have been revealed by the report titled 'CBRE India Office Figures Q1 2024' by CBRE South Asia Pvt. Ltd. The surge in activity by flexible office space operators shows the evolving dynamics of the Indian office leasing landscape. Business News | Flexible Space Operators Claim 22% Share in Office Leasing - CBRE Report.

The demand is mainly led by improved business sentiments and a positive economic outlook, signalling confidence among foreign-origin companies seeking to establish their capability centres in the country.

The technology industry in India reached $253.9 billion in revenue with an addition of $9.3 billion incremental revenue in FY2024 (estimated), growing at 3.8 per cent from FY23, a Nasscom report said on Friday.The technology industry added ...

Office space leasing transactions in Indias top eight cities including Bengaluru and Mumbai, driven by high demand from global and local companies, rose 15% year-on-year in 2023, the highest since... -January 03, 2024 at 06:40 am EST - MarketScreener

Office space leasing transactions in India's top eight cities including Bengaluru and Mumbai, driven by high demand from global and local companies, rose 15% year-on-year ......

The top eight Indian markets witnessed total office transactions of 59.6 msf in 2023, registering 15 percent YoY growth.

Indias office leasing market reached record-breaking levels in Q4 2023, with 58.2 million sq ft of gross absorption. Bengaluru dominated office space absorption. Techs contribution shrank, but demand remained strong due to diversification

Global centers, particularly in the technology and BFSI sectors, have cornered almost 40% of the significant deals in the top six cities. Notable transactions involve names such as Bank of America, Philips, Wells Fargo, Qualcomm, and CitiBank, with deals concentrated in major southern cities such as Bangalore and Chennai.

Sectors including technology, BFSI and engineering and manufacturing to lead leasing activity; Bengaluru continues to account for the largest share in leasing over the six months (Jan’23-Jun’23), while Chennai has witnessed about one-fourth share led by ready institutional supply that entered the market in 2023