CBRE South Asia Non-public Ltd, an actual property consulting agency, has forecasted that the Hyderabad’s office stock will cross 200 million sq ft by 2030 from the current degree of 137 million sq ft. The town’s office area is projected to witness 1.5x development over the subsequent 5 years, reflecting its sustained enchantment to companies.
CBRE, in affiliation with the Hyderabad Software program Enterprises Affiliation (HYSEA), has launched a report HYSEA Scale @ Hyderabad: International Know-how Vacation spot, presenting the rising panorama of actual property sector within the metropolis.
Hyderabad presently contributes to about 15 per cent of the overall office area and accounts for over 18 per cent of the green-certified office stock within the nation. Pushed by sturdy demand for office areas by multinational corporations, the town’s office stock has greater than tripled since 2014 to about 137 m sq ft as of December 2024, in accordance to the report. The yr 2024 noticed an absorption of 12.3 million sq. ft.
International Functionality Centres (GCCs) absorption in Hyderabad grew by over 12 per cent from 2022 to 2024, reaching 5.3 million sq. ft. in 2024, accounting for practically 43 per cent of the overall office area taken up within the metropolis final yr.
Hyderabad is ranked second in GCC leasing in India, after Bengaluru and continues to appeal to world companies throughout industries corresponding to know-how, prescribed drugs, biotechnology, and monetary providers.
With an intensive presence of main gamers, the know-how sector led Hyderabad’s office leasing exercise with the best share at 31 per cent Lately, the town has witnessed diversification in its occupier base.
Numerous different sectors, together with versatile area operators, life sciences corporations, and consulting firms, have more and more turned to Hyderabad for his or her office area wants.
“In 2024, life sciences corporations had an office leasing share of 21 per cent , and versatile area operators share stood at 14 per cent in total office leasing, showcasing a various demand throughout industries,” the report mentioned.
The adoption of superior applied sciences like AI, cloud computing, and information analytics additional fuels this development, backed by Hyderabad’s sturdy infrastructure and expertise ecosystem.
“With its robust IT/ITeS ecosystem, Hyderabad will proceed to stay a best choice for GCCs throughout know-how, BFSI, and life sciences, driving office area demand,” Anshuman Journal, Chairman & CEO, India, Southeast Asia, Center East & Africa, CBRE, mentioned.
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