India Office Report Q1 CY'25

CRE Matrix is pleased to present the India Office Report for Q1 CY’25, offering a comprehensive overview of the country's commercial real estate landscape. India’s total Grade A office stock has reached 931.5 million sq. ft., with 15.0 million sq. ft. of leasing activity recorded this quarter, driven primarily by MMR, Bengaluru, and Pune. Notably, MMR led the charts with a record 4.9 million sq. ft. demand and an exceptional 9.6X demand-to-supply ratio. Pune led new supply with 33% contribution i.e. 4.3 msf. The pan-India vacancy rate declined to 15.2%, underscoring strong market momentum. Co-working and flex spaces also continued their upward trajectory, capturing a growing share across top metro cities. Download the full report for deeper insights.