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5 July 2026

Office leasing trends in India

The data on office leasing trends serves as a useful indicator of the health of the tertiary sector and broader economic growth, providing context for questions on industrial policy and economic development.

1 min read 1 questions 1 prelims

Notes

  • Gross office leasing in India's top-eight property markets declined by 1% during the April-June period.
  • Net leasing of office spaces experienced a 14.5% annual decline, reaching 11.6 million sq ft.
  • The decline is attributed to a constrained supply of prime workspaces.
  • The eight major markets covered are Mumbai, Delhi-NCR, Bengaluru, Pune, Hyderabad, Chennai, Ahmedabad, and Kolkata.
  • Gross leasing measures overall market activity, whereas net leasing represents the change in occupied workspace.

Questions

  1. Analyze the significance of office leasing trends as an indicator of growth in the services sector of the Indian economy. How does the distinction between gross and net leasing provide insights into market health? 150 words
    Attempt this — 150 words in 8 min
    0 / 150 words 8:00

Prelims

  1. In the context of commercial real estate, what is the primary difference between 'gross leasing' and 'net leasing'?