Share of net absorption of office space in India FY 2018-2023, by city

Published by Sandhya Keelery, Aug 30, 2024
During the financial year 2023, Bengaluru was the most favored market for office occupiers in India, accounting for 27 percent of the total net office absorption. National capital region and Hyderabad followed at the net absorption rate of 19 percent each.

Share of net absorption of office space in India from financial year 2018 to 2023, by city

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Release date

June 2023

Region

India

Survey time period

FY 2018 to FY 2023

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2023 started in April 2022 and ended in March 2023.

Net absorption refers to the incremental new space take-up.

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