Ahmedabad's office market showed impressive growth in Q2 2025, recording 161,000 square feet in gross leasing, dominated by GIFT City at 70%. The city added 0.8 million SF of new space, with net absorption hitting 3 million SF over the past year, dropping vacancy rates to 26%. Engineering & manufacturing and IT-BPM sectors each claimed 24% of leasing activity, signaling strong economic momentum.
Mumbai's office sector showed remarkable growth in Q2 2025, with gross leasing reaching 4 million square feet. Flexible workspaces led the charge, followed by BFSI and IT-BPM sectors. Net absorption hit a high of 2.6 million square feet, signalling strong market demand.