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TECH, FLEX FIRMS DRIVE 11% RISE IN OFFICE SPACE DEMAND IN H2 2024: COLLIERS
The Business Guardian
|March 10, 2025
Technology firms and flex space operators are driving office space demand in India, with a notable 11% YoY rise in H2 2024, led by Bengaluru and Hyderabad.
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Technology and flex space companies are fueling office space demand in India, as the second half of 2024 witnessed an 11 per cent year-on-year rise, according to the latest report by Colliers. The South Indian cities of Bengaluru and Hyderabad led the office market activity in the country during the second half of the year 2024, it said.
The consultancy firm’s report added that supply in the second half followed the demand growth trajectory, registering a 7 per cent YoY rise.
“Office demand is poised to solidify further in 2025, driven by the diversification of occupier base and increased space take-up by global capability centres,” the report added.
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