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India Leads APAC In Commercial Realty Sentiment On Robust Office Demand: Report
India Leads APAC In Commercial Realty Sentiment On Robust Office Demand: Report

News18

time7 days ago

  • Business
  • News18

India Leads APAC In Commercial Realty Sentiment On Robust Office Demand: Report

Last Updated: India has emerged as the most resilient commercial real estate market in the Asia-Pacific (APAC) region India has emerged as the most resilient commercial real estate market in the Asia-Pacific (APAC) region, showing sustained momentum across the office, retail, and industrial & logistics sectors, even as sentiment weakens in traditionally strong markets like Greater China and Australia, according to CBRE's latest Asia Pacific Market Sentiment Survey. The report highlights that India's office market is currently witnessing the highest sentiment levels across the region, driven by rising occupier confidence, strong demand from technology and financial services, and continued investments by Global Capability Centres (GCCs). The Office Market Sentiment Index for India surpassed the 70% threshold between September 2024 and June 2025, the highest among all regional markets. This momentum is supported by stable rental growth and robust leasing activity across major metros. According to CBRE's India Office Figures report for Q1 2025, gross office leasing grew by 5% year-on-year, reaching 18 million square feet across nine cities during January to March 2025. Key markets like Bengaluru, Hyderabad, Delhi-NCR, and Mumbai remained dominant, while select Tier-2 cities also recorded increased leasing activity. Although renewals continue to be the primary driver of demand, expansion-led leasing—especially from IT firms and GCCs—remains strong in India and Japan, in contrast to the slowing demand seen in Korea and Singapore. India's retail sector also demonstrated resilience despite a modest decline in leasing volumes. Retailers remain optimistic and are actively expanding in high-footfall, high-yield locations across major metros. This is in sharp contrast to several other APAC markets, where cautious expansion and store consolidations are becoming more common. In India, there are still no signs of widespread store closures, underscoring the confidence in long-term retail growth. Crucially, India is the only APAC market where sentiment across all three core sectors—office, retail, and industrial & logistics—remains above the neutral 50% mark, reflecting the country's broad-based real estate resilience. While enquiry levels are dropping in some regions, India continues to see strong activity from IT, BFSI, and GCC sectors. Anshuman Magazine, Chairman & CEO – India, South-East Asia, Middle East & Africa at CBRE, attributed India's momentum to its diversified occupier base, technology-driven growth, and solid long-term fundamentals. 'India's consistent performance across office, retail, and industrial sectors positions it as a key pillar of stability in the Asia-Pacific real estate landscape. As global occupiers reassess their regional strategies amidst economic uncertainty, India offers a compelling proposition with its resilient demand, expanding infrastructure, and landlord-favourable dynamics," he said. Ada Choi, Head of Research for APAC at CBRE, emphasized that India is on a distinctive growth path, diverging from many peers still adjusting to post-pandemic trends. 'India's commercial markets, particularly offices, show strength in demand and rental stability. This positions the country for continued expansion, especially as global enterprises diversify their APAC portfolios," she noted. The CBRE Asia Pacific Market Sentiment Survey, conducted from May 20 to June 4, 2025, collected 517 responses from CBRE leasing professionals across the region. The findings cement India's position as a standout performer, reinforcing its rising importance as a central hub in the evolving APAC commercial real estate landscape. First Published: June 24, 2025, 11:08 IST

India leads Asia-Pacific in office leasing sentiment: CBRE report
India leads Asia-Pacific in office leasing sentiment: CBRE report

Business Standard

time23-06-2025

  • Business
  • Business Standard

India leads Asia-Pacific in office leasing sentiment: CBRE report

CBRE's India Office Figures for Q1 of 2025 also revealed that gross office leasing rose by 5 per cent yoy, reaching 18 million square feet across nine cities between January and March 2025 Rahul Goreja New Delhi India has taken the lead in the Asia-Pacific office real estate market, supported by strong occupier confidence and consistent leasing activity, according to CBRE's latest Asia Pacific Market Sentiment Survey. The country's Office Market Sentiment Index surged past the 70 per cent threshold between September 2024 and June 2025, marking the highest score among all regional markets. CBRE uses a 50 per cent baseline to indicate neutral sentiment, with any score above that suggesting optimism about leasing and expansion activity. India was also the only market where sentiments across all three sectors — office, retail, and industrial — remained above the neutral line. Earlier this year, CBRE's India Office Figures for the first quarter of 2025 revealed that gross office leasing rose by 5 per cent year-on-year, reaching 18 million square feet across nine cities between January and March 2025. Bengaluru, Hyderabad, Delhi-NCR, and Mumbai continued to dominate office demand, with some Tier 2 cities also experiencing an uptick in leasing activity. Demand driven by tech and GCCs The report attributes India's commercial real estate momentum to robust demand from the technology and financial services sectors, alongside continued investments by Global Capability Centres (GCCs). Renewals remain the dominant driver of leasing activity, but expansion-led leasing by IT and GCC occupiers continues to be strong in India and Japan, in contrast to the decline seen in Korea and Singapore. While renewal versus relocation decisions are prevalent in many markets, India stands out for its persistent expansionary demand. CBRE highlight resilience "India's sustained office market momentum and high sentiment index reflect its growing stature as a stable and resilient investment destination," said Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE. "As APAC peers see softening demand, India's diversified occupier base, tech-driven demand, and long-term fundamentals are keeping leasing markets vibrant," he said, as quoted by The Economic Times. Ada Choi, head of research for APAC at CBRE, added: "India's commercial markets, particularly offices, show strength in demand and rental stability. This positions the country for continued expansion, especially as global enterprises diversify their APAC portfolios." Outlook subdued for other APAC markets While India's office market demonstrates robust momentum, the report notes that other Asia-Pacific markets face a more subdued outlook. Tenant enquiries and site inspections have declined in Greater China and Australia.

India emerges as Asia-Pacific's top office real estate market on robust leasing sentiment: Report
India emerges as Asia-Pacific's top office real estate market on robust leasing sentiment: Report

Time of India

time23-06-2025

  • Business
  • Time of India

India emerges as Asia-Pacific's top office real estate market on robust leasing sentiment: Report

India's commercial real estate market demonstrates remarkable resilience across office, retail, and industrial sectors, surpassing other Asia-Pacific markets. Fueled by strong occupier confidence, tech sector demand, and GCC investments, India's office market sentiment leads the region. While other APAC markets face softening, India's diversified economy and expanding infrastructure drive sustained growth and attract global occupiers. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India has emerged as the most resilient commercial real estate market in the Asia-Pacific region, with sustained growth across the office, retail, and industrial & logistics sectors, even as sentiment softens in traditionally strong markets like Greater China and Australia, according to CBRE 's latest Asia Pacific Market Sentiment report highlights that rising occupier confidence, robust demand from technology and financial services, and continued investment by Global Capability Centres (GCCs), India's office market is showing the highest sentiment levels across APAC. The Office Market Sentiment Index for India surged past the 70% threshold between September 2024 and June 2025—marking the highest score among all regional markets. This trend is backed by consistent leasing activity and stable rental growth in key India Office Figures report for Q1 2025 revealed that gross office leasing rose by 5% year-on-year, reaching 18 million square feet across nine cities between January and March 2025. Bengaluru, Hyderabad, Delhi-NCR, and Mumbai continued to dominate office demand, with select Tier 2 cities also seeing a notable uptick in leasing activity. While renewals remain the dominant driver, expansion-led leasing by IT and GCC occupiers remains strong in India and Japan, in contrast to the tapering seen in Korea and retail sector also displayed resilience despite a slight moderation in leasing volumes. According to the CBRE survey, retailers in India remain optimistic and are strategically expanding into high-footfall, high-yield locations within major metros. This is in contrast to other APAC markets, where many retailers are consolidating and adopting cautious expansion strategies. In India, there is still no evidence of widespread store closures, suggesting continued confidence in long-term retail India is the only market across Asia-Pacific where sentiment in all three core sectors—office, retail, and industrial & logistics—remains above the neutral 50% line. This underscores the country's broad-based real estate resilience and growing stature as a strategic business destination. Even as some markets report a drop in enquiry levels, India continues to see healthy activity from sectors such as IT, BFSI, and Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, noted that India's diversified occupier base, tech-driven growth, and long-term fundamentals are key to its sustained momentum. 'India's consistent performance across office, retail, and industrial sectors positions it as a key pillar of stability in the Asia-Pacific real estate landscape,' he said. 'As global occupiers reassess their regional strategies amidst economic uncertainty, India offers a compelling proposition with its resilient demand, expanding infrastructure, and landlord-favourable dynamics.'Ada Choi, Head of Research for APAC at CBRE, added that India is on a distinctive growth path compared to many of its peers still adjusting to post-pandemic trends. 'India's commercial markets, particularly offices, show strength in demand and rental stability. This positions the country for continued expansion, especially as global enterprises diversify their APAC portfolios.'The CBRE Asia Pacific Market Sentiment Survey was conducted between May 20 and June 4, 2025, and captured 517 responses from CBRE leasing professionals across the region. The findings position India as a standout performer and reinforce its growing role as a central hub in the evolving APAC commercial real estate landscape.

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