FICCI-Colliers report on India Offices Setting New Standards for 2025
FICCI-Colliers report on India Offices Setting New Standards for 2025
Key Takeaways
- Strong Growth Outlook: India’s office market is expected to remain robust, with gross leasing projected at 65–70 million sq. ft. in 2025, following record-breaking demand in recent years.
- Shift to Occupier-Driven Market: The commercial office sector is increasingly becoming occupier-driven, with companies focusing on quality workspaces and strategic locations.
- Diversified Demand: While technology firms remain key occupiers, Engineering & Manufacturing, BFSI, and flexible workspace operators are expected to account for more than half of total office demand.
- Rise of Flexible Workspaces: Flex space operators are likely to contribute around 20% of total office demand, driven by agility, scalability, and cost efficiency.
- Growth of Global Capability Centres (GCCs): GCCs are expected to drive around 40% of leasing activity, strengthening India’s position as a global innovation and talent hub.
- Focus on Sustainable Buildings: Approximately 80–85% of demand is expected to be for green-certified buildings, reflecting the growing emphasis on ESG and sustainability.
- Institutional Investment: The expansion of REITs is improving transparency, liquidity, and investor participation in India’s commercial real estate sector.