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Share of net absorption of office space in India FY 2018-2022, by city

Published by
Manya Rathore,
Aug 29, 2022
During the financial year 2022, Hyderabad surpassed Bengaluru to become the most favored market for office occupiers in India, accounting for 23 percent of the total net office absorption. Three major southern cities of Hyderabad, Bengaluru, and, Chennai contributed to 54 percent of the total demand for office spaces.

Share of net absorption of office space in India from financial year 2018 to 2022, by city

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Release date

May 2022

Region

India

Survey time period

FY 2018 to FY 2022

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2021 started in April 2020 and ended in March 2021.

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

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