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Office rentals to rise as demand surges
Mint Chennai
|January 03, 2025
Mindspace REIT CEO Nair also expects interest rates to ease, paving the way for higher growth
India's key office markets Bengaluru, Hyderabad, Pune and Gurugram are witnessing higher demand for premium workspaces than new supply, and this will lead to a drop in vacancy rates as well as an increase in rentals during 2025, Mindspace Business Parks REIT chief executive officer (CEO) Ramesh Nair said.
"As we step into 2025, India's office market stands at the cusp of transformative change, mirroring the dynamism of the nation's economy and its burgeoning workforce. This year will be shaped by a synergy of technology, sustainability and evolving business priorities, redefining the way organizations utilize and perceive office spaces," he said.
Nair has listed 10 key trends for India's office market in 2025 calendar year.
He said there is a scarcity of Grade-A office spaces in business hubs.
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