Indian office market records 38 million sqft absorption between January-September 2023
The first three quarters of 2023 saw strong demand for office space in India, with 38 million square feet of gross absorption across the top six cities. Bengaluru and Delhi NCR led the demand, accounting for half of the total demand. The technology sector continued to drive the demand, with flex spaces, engineering & manufacturing, and BFSI sectors also contributing significantly. The southern cities of Bengaluru, Hyderabad, and Chennai witnessed the majority of the demand, with the technology-based occupiers driving leasing activity.
Source: indiatimes.com