Cushman Wakefield - India Office market report, 2Q 2023

The Q2 2023 India Office Market Report by Cushman & Wakefield provides insights into the Indian office market's performance during the second quarter of 2023. Despite global economic uncertainty, the Indian office market remained resilient with fresh demand driving leasing volumes. Gross leasing volumes (GLV) were down by 22% compared to the record-high second quarter last year but grew by 11% on a quarterly basis, demonstrating resilience despite the global uncertainty and its impact on office leasing by US and European multinationals. Some large deals have been deferred, but the market saw a sharp pickup in smaller-sized (