NEW DELHI: Gross leasing of office space across eight major cities is estimated to cross 80 million square feet this year — an all-time high – on high demand from corporates, according to Cushman & Wakefield (C&W).
However, the net absorption of office demand is likely to remain flat with leasing expected to cross 40 million square feet this year. In the 2023 calendar year, the gross leasing of office space stood at 74 million square feet while the net office leasing was 41 million square feet across eight major cities – Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad, Pune and Ahmedabad.
