India’s Office Leasing Soars 40% in H1 2025 Pune Emerges Fastest-Growing Market
India’s commercial office real estate sector has witnessed a remarkable boom in the first half of 2025, with net leasing soaring by 40% year-on-year to 26.8 million square feet across the top seven cities. Bengaluru led the way with 6.55 million square feet of absorption, but Pune stole the spotlight as the fastest-growing market, recording a staggering 188% growth. This surge highlights the strong demand for modern office spaces as businesses continue to expand and global capability centers strengthen their presence in India.
Industry experts note that the market is showing healthy fundamentals, with new office supply rising 25% to 24.51 million square feet, helping maintain balance between demand and supply. Vacancy rates dipped slightly to 16.3%, while average rentals climbed 4% to ₹88 per square foot per month. The IT-ITES sector continued to dominate, accounting for 29% of the leasing activity, closely followed by co-working spaces at 22%. With sustained corporate confidence and ongoing expansion, the sector looks well-positioned to carry forward this momentum through the rest of 2025.
Similar News
Monsoon Deluge Exposes PMC Road Repair Failures
28 Sep 2023
Amnesty Scheme to Reduce Stamp Duty Deficit
02 Dec 2023
Historic Bhide Wada Set for Redevelopment by PMC
06 Dec 2023
PMC Approved Bus Bay on Nagar Road
12 Dec 2023
PMC Phased Approach to Repair 40 Aging Bridges
08 Jan 2024
Long Weekend से Pune-Satara Highway पर लगा लंबा!
27 Jan 2024
आखिर कब Open होगा Pune Airport का New Terminal?
06 Feb 2024
Pune Areas to Experience Water Shortage Tomorrow
07 Feb 2024
PMC demolishes 29 Hilltop Properties
09 Feb 2024
PMC under scrutiny for repeated budget inflation
03 Apr 2024
Pune Battle Against Rising Garbage-Related Fires
08 Apr 2024
IMD Warns Dry Conditions Challenge 125 Districts
19 Apr 2024
Residents Sweat Through Frequent Power Outages
28 Apr 2024
BSI to Open New Botanical Garden in Mundhwa
27 Aug 2024
KCB 326-Acre Merger with PMC Awaits Approval
25 Dec 2024
PMRDA Unveils ₹67 Crore Plan to Boost Tourism
15 Feb 2025
Land Acquisition for PMRDA Ring Road Speeds Up
20 Jul 2025
Civic Apathy Delays Pune Warje Road Project
08 Aug 2025
Why PCMC Shut Down Multiple RMC Plants.
17 Nov 2025
New Repairs Same Old Pothole Problems in Pune.
18 Nov 2025
