Hyderabad saw 261% jump in office leasing in '23 Q3: CBRE

Hyderabad has seen a significant growth in office space leasing, with a 261% year-on-year jump in absorption, according to a report by CBRE. While Hyderabad ranked third in total space absorbed during Q3 of 2023, it emerged as the market leader in terms of growth. Small-sized deals of less than 50,000 sq ft drove the office space absorption in the city, with life sciences, BFSI, and technology sectors leading the way. The report also highlighted that return-to-office plans are gaining traction, leading to increased investments in workplace technology and transformed workspaces.

Hyderabad saw 261% jump in office leasing in '23 Q3: CBRE
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Hyderabad has seen a significant growth in office space leasing, with a 261% year-on-year jump in absorption, according to a report by CBRE. While Hyderabad ranked third in total space absorbed during Q3 of 2023, it emerged as the market leader in terms of growth. Small-sized deals of less than 50,000 sq ft drove the office space absorption in the city, with life sciences, BFSI, and technology sectors leading the way. The report also highlighted that return-to-office plans are gaining traction, leading to increased investments in workplace technology and transformed workspaces.