Market Share of Office Real Estate Industry
The report covers major players operating in the office real estate market. The office real estate market is relatively fragmented. The office real estate market is attracting a lot of investments supported by an increasing number of real estate acquisitions as well as an increase in new property builders. Some of the leading players in the office real estate market include Hines, Skanska, Mitsubishi Estate, Delhi Land & Finance, JLL, Colliers International, and many more. Office real estate leases are typically long-term, and every three years, the rental rate increases by 15%, making it profitable for developers. This has fueled the creation of several new office space projects that are currently under construction and will be open soon. For instance, Tata Realty and Infrastructure Limited (TRIL) is constructing grade A+ office space for corporate leasing in Gurugram sector 59, which is 550,000 sq. ft. and will likely be available by December 2026.
Office Real Estate Market Leaders
Hines
Skanska
Colliers International
Delhi Land & Finance
JLL
*Disclaimer: Major Players sorted in no particular order
