India office leasing set to surpass 50 million sq ft in 2024, marking a 'new normal' in commercial real estate: FICCI Colliers Report
The report released by trade body FICCI and investment management company Colliers International at the 17th edition of the FICCI Real Estate Summit highlighted the unprecedented leasing activity witnessed in 2022 and 2023, establishing a 'new normal' with leasing activities leading to such expectations in 2024.
Large-sized deals, defined as 100,000 square feet or more, are projected to constitute 50–55 per cent of the leasing activities in 2024. Image Courtesy: Reuters