IT sectors lease 50 pc office spaces in India in April-June

IT sectors lease 50 pc office spaces in India in April-June

New Delhi: The Information Technology-enabled Services (ITeS) and IT sectors in India continue to dominate the commercial real estate (CRE) leasing segment, accounting for 50 per cent of absorption during April-June (Q2 2025), up from 36 percent in the previous quarter, a report said on Friday. Flex spaces trailed behind, accounting for 14 per cent of the total absorption, an increase from 9 per cent in the previous quarter. The area absorbed by…

IT-ITeS Sector Dominates Office Space Absorption, Flex Spaces Trail With 14% Share: Vestian

New Delhi, July 25, 2025: Flex spaces accounted for 14 per cent oftotal absorption in Q2 2025, up from 9 per cent in the previous quarter. The area absorbed by flex spaces increased by 68 per cent over the previous quarter, reaching 2.63 mn sq ft (MSF) in Q2 2025. Moreover, the southern cities of Bengaluru, Chennai and Hyderabad accounted for nearly 80 per cent of the area absorbed by flex spaces across the top seven cities, underscoring the gro…