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Global Occupiers Drive Office Space Boom

Mint Chennai

|

January 11, 2025

India, while GCC—the offshore units of global companies—accounted for another 31% of the transactions.

- FROM PAGE 16

Leasing by flexible space providers, or co-working spaces, jumped 52% year-on-year in 2024, while third-party IT services companies leased 7.9 msf of office space, 21% more than in 2023, according to Knight Frank.

The CBRE report showed that domestic companies accounted for 45% of the total office space absorption in 2024, followed by companies from the Americas at 34%, EMEA (Europe, Middle East and Africa) at 16%, and A-Pac (Asia-Pacific) at 5%.

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