Tag: OFFICE SERVICES
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Technology and Flex Space Companies Drive 11% Increase in Office Demand in India
The latest report by Colliers shows an 11% year-on-year increase in office space demand in India for the second half of 2024, attributed to technology and flex space companies. Bengaluru and Hyderabad are leading this growth, and supply has also grown by 7% year-on-year. The report suggests that demand will further strengthen in 2025, supported…
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Colliers Report: 11% Increase in Office Space Demand in H2 2024 Driven by Tech and Flex Space Companies
Colliers’ report reveals an 11% rise in office space demand in India for H2 2024, led by technology and flex space firms, particularly in Bengaluru and Hyderabad. New supply grew by 7%, and vacancy rates remain stable at 17%. The outlook for 2025 is positive, with anticipated demand solidification and robust market dynamics. In the…