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Half of office spaces are fit for retrofitting: CBRE report
The Daily Guardian
|May 13, 2025
Nearly 50 per cent of India's office inventory in the top seven cities, including integrated technology parks and stand-alone properties, is over ten years old, indicating significant potential for retrofitting and value enhancement, according to a study by CBRE.
The release by CBRE further mentions that specifically, around 27 per cent of the total office stock is over 15 years old, and 23 per cent is between 10 to 15 years old, while only 28 per cent is less than 5 years old.
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