"In 2023, Mumbai MetropolitanRegion (MMR) witnessed anabsorption of 6.6 million sq. ft. ofindustrial and warehousing spaceagainst 6.3 million sq. ft. in 2022with a growth rate of 4.8% from2022 levels."

"In 2023, Hyderabad’s office leasing market recorded a significant resurgence, with gross leasing activity reaching 8.6 mn sq. ft., marking a 34% YOY increase. While the return to office gained momentum, the city fell just shy of the 2019 leasing record of 9.5 mn sq. ft."

"Hyderabad’s demand for office space has diversified to include other sectors such as BFSI and media/advertising, which now account for 16% and 12% of the demand, respectively. This is a significant change from H1 2022 when media and advertising had hardly any share and BFSI had a 10% market share. However, the IT sector continues to garner a majority share comprising one-third of leasing activity in H1 2023."

"The Hyderabad market witnessedabsorption of 2.5 million sq. ft. ofmanufacturing and warehousespace in 2023 in comparison with2.8 million sq. ft. in 2022."

"Incentivized by steeper discounts, hesitant firms are more likely to finalize leasing decisions. Additionally, the expiration of several large tenant leases is expected to boost activity and help clear a backlog of deals."

"Incentivized by steeper discounts, hesitant firms are more likely to finalize leasing decisions. Additionally, the expiration of several large tenant leases is expected to boost activity and help clear a backlog of deals."

"The year starts on a relatively quiet note."

"At the beginning of 2024, the Beijing Grade A office market showed signs of recovery and performed better than expected. Due to the lower supply volume than previous years, the office market has a great opportunity to boost absorption, rebalance the supply and demand and hopefully regain market confidence."