Domestic firms take up 47% of total office space demand since 2022: CBRE

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Domestic firms take up 47% of total office space demand since 2022: CBRE - Business Standard

Quick Summary:

CBRE's latest report India Inc's Ascension - The Rise of Domestic Firms as an Office Demand Driver showed that domestic companies accounted for nearly 47 per cent of overall office leasing activity from 2022 to H1-2024

"The total office leasing by domestic firms during 2022-H1 2024 period stood at 72 million square feet across the 9 cities.

Domestic companies have taken 47 per cent of the total 154 million sq feet of office space leased since 2022 calendar year across nine major cities and the dominance of global firms particularly from the US has come down, according to CBRE.