Workspaces shape talent retention

Amit Shetty, CEO, Embassy REIT, discusses Office spaces have become a key differentiator for talent attraction and retention

- Amit Shetty, CEO, Embassy REIT

What are the latest market trends in the commercial real estate sector?

India's office stock is nearing one billion square feet milestone, positioning the country as the fourth largest office market in the world today. In CY2025, India office lease absorption stood at 82.6 msf, surpassing the previous record of 74 msf on the back of strong GCC (Global Capability Centre) demand and we expect 2026 to set a new high with an office absorption of ~85 msf. The demand from domestic players is strengthening who accounted for 46% total absorption in Q4.

Given the demand from global occupiers and new age talent, flight to quality is an important criterion in the real estate acquisition process. Occupiers look forward to Grade-A, future-ready office ecosystems that offer superior connectivity, sustainability credentials, and integrated amenities, a shift that has broadened beyond traditional notions of “commercial space” to enabling holistic workplace experience. The demand for quality space is expected to continue with technology and sustainability adoption occupying the mainstream positions.

How is demand picking up in office space across the country?