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Office rentals climb in India, buck global trend
Business Standard
|April 11, 2025
Office rentals in India continued their upward trend, with rents rising between 3.8 per cent and 8.2 per cent year-on-year (Y-o-Y), even as global office markets remained under pressure in 2024, according to Vestian, a workplace solutions firm.
Vestian's report showed leasing activity touched a record high of 70.7 million square feet in 2024, marking a 16 per cent annual increase. Sub-dollar rentals across India's top seven cities played a key role, positioning the country as a rare bright spot in an otherwise subdued global landscape.
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