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Emerging trends and opportunities in office sector 2023

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1536 FICCI

During 2023, India’s office sector is likely to see about 35-38 mn sq ft of leasing, in an optimistic scenario wherein the impact of the looming recession and economic headwinds on the office sector would be limited.

 

Key highlights of the report include:

  • In a pessimistic scenario, office leasing could linger around 30-33 mn sq ft during 2023, where the expected impact of economic headwinds would be prolonged
  • Hybrid work will lead to optimum space utilization and occupiers may split office spaces across business hubs, pivoting office dynamics
  • Despite externalities, occupiers’ preference for flex spaces is likely to remain strong led by flexible lease terms, and cutting-edge amenities

 


1024 FICCI

Emerging trends and opportunities in office sector 2023

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