Office demand in key business hubs outpaces supply: Mindspace REIT CEO

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Office demand in key business hubs outpaces supply: Mindspace REIT CEO - Business Standard

Quick Summary:

India's key office markets Bengaluru, Hyderabad, Pune, and Gurugram are witnessing higher demand for premium workspaces than new supply and this will lead to a drop in vacancy rates as well as an increase in rentals during 2025, Mindspace Business Parks REIT CEO Ramesh Nair said.

"As we step into 2025, India's office market stands at the cusp of transformative change, mirroring the dynamism of the nation's economy and its burgeoning workforce.

This year will be shaped by a synergy of technology, sustainability, and evolving business priorities, redefining the way organisations utilise and perceive office spaces," he said.