Green offices witness soaring rental premiums; Delhi on top
rental premiums
of 18% to 22% for conventional office spaces and 47% to 50% for
flexible workspaces
nationwide, according to data from
Altre Digital
, a tech-powered workspace and
commercial real estate
consultancy.
Delhi leads with the highest rental premium at 70% to 74%, while Mumbai follows with 28% to 32% premiums. Gurugram demonstrates 18% to 20% premiums, and Hyderabad and Noida both show 12% to 14% premiums.
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Multinational occupiers
, institutional investors, and flex operators are under increasing pressure to demonstrate
ESG alignment
in both leasing and development decisions.
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"For a long time, commercial real estate was measured by what you could see: square footage, amenities, location. But increasingly, it is being valued for what it enables and conserves such as energy, water and productivity," said Shweta Sawhney, Founder and CEO of Altre Digital.
Mature markets like Bangalore show 4% to 6% premiums, indicating sustainability has become a minimum expectation. For flexible workspaces, premiums are even more pronounced, ranging from 12% to 15% in Pune to 95% in Delhi, with the national average of 47% to 50% significantly exceeding conventional office leasing premiums.
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