Start ups dominate gross office leasing in 2022

Last Updated : 2nd Dec, 2022

Synopsis

According to a recent report published by JLL India, start-ups have dominated the office leasing arena by taking on over 6.5 million square feet of space in the first half of this calendar year. The start-up’s share in gross leasing grew from 17 per cent in 2021 to 28 per cent in H1 of 2022 in the top eight cities of the country. Bengaluru led the race with an approximately 2.5 million square feet leased by start-ups this year, followed by Delhi NCR at 1.9 million square feet and Mumbai at 0.95 million square feet.

According to a recent report published by JLL India, start-ups have dominated the office leasing arena by taking on over 6.5 million square feet of space in the first half of this calendar year. The start-up’s share in gross leasing grew from 17 per cent in 2021 to 28 per cent in H1 of 2022 in the top eight cities of the country. Bengaluru led the race with an approximately 2.5 million square feet leased by start ups this year, followed by Delhi NCR at 1.9 million square feet and Mumbai at 0.95 million square feet.

Co-working spaces, information technology companies and companies offering information technology-enabled services remain leasing heavy weights for two years in a row in cities like Bengaluru. Start-ups have been amongst the largest takers of flexible seats, taking up over 12,000 seats in 2022. India being the epicentre for start-ups, with two to three being launched almost every day, experts believe the future looks bright with plenty of opportunities to introduce inventory into the market.

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Start ups dominate gross office leasing in 2022

Synopsis

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