CBRE Expands in India with Jaipur Office Opening
International property consultancy CBRE has officially started operations in Jaipur, marking its 11th office in India. This strategic move shows the company's dedication to seizing opportunities in Tier II markets.
The global real estate leader, with a presence in over 80 cities worldwide, will offer services across various sectors. These include office spaces, retail developments, residential projects, industrial facilities, logistics hubs, data centers, healthcare properties, and educational infrastructure.
Focus on Growing Tier II Markets
Jaipur's choice fits CBRE's view of Tier II cities as emerging hotspots for business growth. The Pink City offers lower-priced properties as compared to big cities and government incentives for businesses.
Demand for mixed-use projects with both commercial and residential space in cities has grown a lot. Companies see these markets as good alternatives within hub-and-spoke operational models, especially for Global Capability Centres looking for cost-effective solutions.
Full Service Portfolio
CBRE's Jaipur operations will cover:
- Office Leasing & Advisory: Helping with corporate expansions and workspace solutions
- Retail Development: Facilitating shopping center and commercial space transactions
- Residential Services: Assisting with housing projects and property investments
- Industrial & Logistics: Managing warehouse and distribution facility needs
- Specialized Sectors: Covering data centers, healthcare facilities, and educational institutions
Market Impact
This expansion lets CBRE take advantage of Rajasthan's growing business ecosystem. The state's strategic location, improving infrastructure, and skilled workforce make it appealing for companies looking for operational efficiency beyond traditional metropolitan hubs.
With 26 major flex office operators already in 10 Tier II cities, Jaipur offers a big growth chance. The city's rise as a business hub reflects broader trends toward decentralized operations and regional market development.
CBRE's Jaipur office strengthens the consultancy's position as India's top commercial real estate services provider, boosting its ability to serve clients across various markets and property types.