India Office & Flex Outlook 2024

As we embark on a new fiscal year, we at CBRE acknowledge the Indian real estate sector's ongoing growth trajectory, a testament to its inherent strength. This resilience positions the market to navigate the macroeconomic headwinds and emerge with continued strength in 2024. Our comprehensive report, the India Office & Flex Outlook 2024, attempts to delve into the current market landscape's intricacies and unveil the office and flexible space sectors' projected course in the upcoming quarters.

Our key projections for 2024: 

• Capitalising on its demonstrated resilience in 2023, India's office sector is poised for continued momentum in 2024. This growth will likely be driven by the enduring presence of a skilled talent pool, attracting a broader spectrum of companies.

• Occupier demand remains steadfastly focused on securing high-quality space to facilitate expansion initiatives, potentially further amplified by a return-to-office trend. Notably, sustainability remains a paramount consideration for tenants. As Global Capability Centres (GCCs) continue undergoing significant expansion, their increasing influence will likely strengthen India's position as a key growth market. 

• The rise of hybrid work models, need for flexibility in leases and a shift in work culture are fuelling the transformation towards flexible spaces. This has resulted in demand from diverse segments, including start-ups, SMEs, and large corporations.

To delve deeper into our projections, click on the download button.