India Office Report Q4 CY'24

CRE Matrix & CREDAI National present the India Office Report Q4 CY'24, highlighting milestone achieved of 900 msf of Grade A office stock in CY’24 and record breaking 81.7 msf of office leasing in CY'24—19% higher than CY'23. Bengaluru, Hyderabad, and Mumbai led with 62% of total leasing, while pan-India vacancy dropped to 15.7% due to a strong 1.5X demand-to-supply ratio. The co-working segment surged to 13 msf, growing by 30% in 3 years, and rental rates hit ₹106 per sq. ft., marking a 13% YoY rise.