Office space leasing in top 8 cities surpasses 2019 levels: Knight Frank

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Office space leasing in top 8 cities surpasses 2019 levels: Knight Frank - Business Standard

Quick Summary:

Demand for office space across eight major cities was at an all-time high during last year, beating previous high in pre-COVID year 2019, according to Knight Frank.

This stellar achievement reflects India's economic resilience, sustained GDP growth, robust domestic consumption, and the country's increasing prominence in the global economic landscape, real estate consultant Knight Frank India said.

Total office space absorption during the 2024 stood at an impressive 719 lakh square feet, surpassing the previous peak achieved in pre-pandemic 2019 by 19 per cent.